Amman – A total of 52 Jordanian industrial companies have signed agreements under the second phase of the Export Acceleration Program, a key initiative implemented by the Export House Company to enhance the nation’s export capabilities.
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During the ceremony marking the signing of the agreements on Sunday, Minister of Industry, Trade and Supply Yarub Qudah highlighted the significance of this step, underscoring its importance in boosting the competitiveness of Jordan's economy and supporting local industries in regional and international markets. He emphasized that the program is part of a comprehensive vision aimed at increasing the export sector’s contribution to national economic growth.
Qudah detailed the government's commitment to strengthening the industrial sector, enhancing its competitiveness, and overcoming challenges in entering global markets. He pointed out that this sector plays a vital role in driving economic activities, attracting investments, creating jobs, and increasing exports, all of which contribute to improving Jordan’s overall business climate.
He also noted that the Economic Modernization Vision includes strategic goals to develop national industries and expand their marketing and export capabilities. These efforts, he said, are critical in achieving developmental and economic targets, creating more job opportunities, and reducing the trade deficit.
Wissam Rabadi, Chairperson of the Export House Company, lauded the second phase of the program, calling it a pivotal step in supporting the competitiveness of Jordanian products globally.
Rabadi explained that the two-phase program aligns with the objectives of the Economic Modernization Vision, providing financial support to small and medium-sized enterprises (SMEs) to facilitate their market expansion.
Rabadi highlighted that the program has already benefitted 82 SMEs in its initial phase, helping them conduct market research to support their growth and expansion. He also noted that the program targets promising export markets, which will positively impact Jordan’s trade balance while generating job opportunities and promoting economic growth.
Mohammad Jitan, Vice President of the Jordanian Industry, stressed the necessity of sustained collaboration between the public and private sectors to ensure the success of initiatives like the Export Acceleration Program. He reiterated that the industrial sector serves as a key driver of the local economy and sustainable growth.
The second phase of the program will provide financial support of up to 50,000 Jordanian dinars per company, with coverage ranging from 60-70% of the export plans developed in the first phase. This support aims to empower SMEs to expand their global presence and enhance Jordan’s export capabilities.
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