Supporting Industrial Companies for Export program requirements


Published: 2019-01-02 14:55

Last Updated: 2019-01-02 16:02

Supporting Industrial Companies for Export program requirements
Supporting Industrial Companies for Export program requirements
Roya News Source

Jordanian Prime Ministry published on Wednesday, January 2, 2019, the eligibility requirements of the companies to be included in the “Supporting Industrial Companies for Export” program, which was launched by The Jordan Enterprise Development Corporation (JEDCO) in September 2018.

The program, which was funded by the Jordanian government, provides technical and financial support to small and medium-sized target companies to raise their administrative and production capacities in order to develop their products and facilitate their export to international markets so that their contribution in local economic development increases.

It also aims at improving the economic and social climate and achieving high competitiveness among industrial companies in the industrial sector, which in turn, contributes 25% of the Gross Domestic Product (GDP) and about 90% of the total exports, and creates job opportunities for about 20% of the local labour force.

The program's requirements are as follows:

-The company must be owned in the private sector.
-Have a valid business license.
-Have solvency to cover its share of the total cost of investment.
-Have export activity for at least the past two years.
-Have no accumulated losses at least during the past two years.
-Own an official website.
-Registered in the Ministry of Industry, Trade, and Supply.
-Operating for at least two years.