Jordan Launches €35 Million Industry Program for 370 SMEs, Targeting Exports and Jobs
Updated
Updated · Arab News · Jun 29
Jordan Launches €35 Million Industry Program for 370 SMEs, Targeting Exports and Jobs
3 articles · Updated · Arab News · Jun 29
Summary
€35 million in German-backed funding will support 370 Jordanian micro, small and medium-sized firms through the new “Leadership in Industry” program, with grants of up to 100,000 dinars for medium-sized businesses.
Up to 70% of eligible project costs will be covered, rising to 80% for women-owned or women-led firms or projects that create jobs for women; €10 million is earmarked for women-led businesses.
Jordan says the initiative fits its Economic Modernisation Vision and 2024-2028 industrial policy, with industry contributing about a quarter of the economy and nearly 45% of growth last year.
More than 2,500 applications have already reached the Industrial Development and Support Fund, which has backed 635 companies that posted sales growth above 30%, export growth around 40% and created over 4,100 jobs.
Preliminary talks with the World Bank are underway for about 60 million dinars in additional funding for 2027-2029, extending a Jordan-Germany partnership that also signed €35 million in grant agreements in 2025.
With global development aid in freefall, why is Germany betting €35 million on Jordan's small businesses?
Can Jordan's new industrial grants avoid becoming mere handouts and create lasting economic value?
Transforming Jordan’s Industrial Sector: “Leadership in Industry” Initiative Creates 4,100 Jobs and Spurs 40% Export Growth
Overview
Launched in 2024, Jordan's 'Leadership in Industry' initiative marks a major step in transforming the country's economy. Backed by €35 million in German funding, the program is designed to strengthen Jordan's industrial sector, which is a key part of the national economy, making up about a quarter of total output and driving nearly 45 percent of recent economic growth. The initiative aims to boost industrial competitiveness, support micro, small, and medium-sized enterprises, and increase exports and job opportunities. Its creation reflects a strategic effort to further enhance the sector's role in Jordan's overall prosperity.