JEDCO, EU mark joint cooperation

AMMAN — The Jordan Enterprise Development Corporation (JEDCO) and the EU marked on Wednesday the conclusion of two EU programmes that worked to support Jordan’s service sector, the Kingdom’s institutions and exports. The programmes are the EU-funded Jordan Services Modernisation Programme and Jordan’s Upgrading and Modernisation Programme which focused on the country’s industry and exports’ support. 

Since 2008, the EU total financial support provided to JEDCO amounted to 55 million euros, according to a JEDCO statement. Addressing the gathering, Mohammad Mheirat, JEDCO’s acting CEO, said JEDCO has worked in cooperation with the private sector and international donor to boost the economy and create jobs. He expressed appreciation of the EU’s support. 

A study by JEDCO on the impact of the EU’s financial support on the economy showed that 85 per cent of the financed companies have stayed in business, which reflects the funding positive impact on the sustainability of business, according to JEDCO’s statement.

The EU programmes have helped create 3580 jobs, including 1990 jobs under the service sector support programme and 1590 under the industry support and development programme, the study revealed.