Industry Chamber Urges Factories to Apply for Transformer Subsidy Program - Jordan News
Industry Chamber Urges Factories to Apply for Transformer Subsidy Program Amman – The Jordan Chamber of Industry (JCI) has called on industrial establishments across all sectors to take advantage of a government-supported program subsidizing the cost of purchasing electrical transformers, implemented by the Ministry of Energy and Mineral Resources through the Rural Fils Directorate. اضافة اعلان In a statement issued Sunday, the Chamber explained that the program is designed to support factory infrastructure development and ease financial burdens. Under the program, factories located within industrial cities are eligible for a 25% subsidy on transformer costs, up to a maximum of JD60,000 per facility. Factories situated outside both industrial cities and regulatory boundaries can receive full coverage 100% of transformer costs, also capped at JD60,000. However, the program excludes factories located within regulatory boundaries but outside industrial cities. JCI President Fathi Jaghbir underscored the program's importance in enhancing the competitiveness of Jordan's industrial sector. He underlined the Chamber's commitment to facilitating access to government support programs through continuous coordination with relevant authorities. Jaghbir noted that the JCI, through its Center for Energy and Environmental Sustainability in Industry, is actively receiving and processing applications from factories and providing assistance in completing all procedural requirements in cooperation with the Ministry's Rural Fils Directorate. He added that 16 factories have benefited from the program since the beginning of the year, receiving a combined total of JD319,000 in support. An additional 20 applications are currently under review. The Chamber encouraged all eligible factories to reach out to the Center for Energy and Environmental Sustainability for guidance and support in navigating the application process.
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Jordan News
a day ago
- Jordan News
Industry Chamber Urges Factories to Apply for Transformer Subsidy Program - Jordan News
Industry Chamber Urges Factories to Apply for Transformer Subsidy Program Amman – The Jordan Chamber of Industry (JCI) has called on industrial establishments across all sectors to take advantage of a government-supported program subsidizing the cost of purchasing electrical transformers, implemented by the Ministry of Energy and Mineral Resources through the Rural Fils Directorate. اضافة اعلان In a statement issued Sunday, the Chamber explained that the program is designed to support factory infrastructure development and ease financial burdens. Under the program, factories located within industrial cities are eligible for a 25% subsidy on transformer costs, up to a maximum of JD60,000 per facility. Factories situated outside both industrial cities and regulatory boundaries can receive full coverage 100% of transformer costs, also capped at JD60,000. However, the program excludes factories located within regulatory boundaries but outside industrial cities. JCI President Fathi Jaghbir underscored the program's importance in enhancing the competitiveness of Jordan's industrial sector. He underlined the Chamber's commitment to facilitating access to government support programs through continuous coordination with relevant authorities. Jaghbir noted that the JCI, through its Center for Energy and Environmental Sustainability in Industry, is actively receiving and processing applications from factories and providing assistance in completing all procedural requirements in cooperation with the Ministry's Rural Fils Directorate. He added that 16 factories have benefited from the program since the beginning of the year, receiving a combined total of JD319,000 in support. An additional 20 applications are currently under review. The Chamber encouraged all eligible factories to reach out to the Center for Energy and Environmental Sustainability for guidance and support in navigating the application process.
Ammon
04-06-2025
- Ammon
Jordan, Morocco discuss economic cooperation
Ammon News - The Amman Chamber of Commerce (ACC) and Morocco's ambassador to Jordan, Fouad Akhrif, held a meeting to explore ways to enhance trade and investment cooperation between the two countries, citing the need for stronger institutional coordination and greater engagement between their private sectors. According to a statement by the Chamber, Chairman Khalil Al-Haj Tawfiq emphasized the strength of Jordanian-Moroccan relations and called for the development of deeper economic ties. He said current trade volumes do not reflect the potential of the bilateral relationship and pointed to limited delegation exchanges and coordination between chambers of commerce as key obstacles. Al-Haj Tawfiq proposed activating communication channels, improving the flow of investment and trade information, and establishing continuous networking platforms between the two business communities. He announced an agreement with Moroccan Member of Parliament Khadija Hajoubi to host an exhibition of traditional Moroccan crafts and products in Amman later this year. A twinning arrangement is also planned between the Amman Chamber of Commerce and the chamber in the Fès-Meknès region. He added that the Chamber is prepared to support Moroccan companies seeking entry into the Jordanian market and encouraged joint private-sector participation in reconstruction projects in Syria. He also described Morocco as a key gateway for Jordanian companies seeking access to African markets. Al-Haj Tawfiq stressed the importance of streamlined visa procedures and closer cooperation with the Moroccan Embassy to facilitate business travel and joint trade events. Ambassador Akhrif acknowledged the strength of political ties between Jordan and Morocco but noted that economic relations remain underdeveloped by comparison. He urged both sides to intensify efforts to realize their economic potential, citing Morocco's ongoing development across sectors. He proposed holding a business forum in Morocco to bring together companies from both countries, focusing on promising sectors that could support trade and investment partnerships. Akhrif also highlighted Morocco's investment opportunities and encouraged Jordanian businesses to leverage existing bilateral agreements and participate in trade missions. Chamber board members emphasized the need to implement and update bilateral agreements and memorandums of understanding, noting that deeper cooperation could lead to expanded trade, greater diversification of exchanged goods, and stronger collaboration in tourism, transportation, and logistics. They welcomed the planned resumption of direct flights between the two countries later this year, which they said would improve business mobility. However, they noted that the current sea freight route is inefficient due to its length and called for the development of faster, more reliable transport links.
Jordan News
03-06-2025
- Jordan News
JD 2.849 Billion – Amman's Industrial Exports in First Five Months of 2025 - Jordan News
Amman Chamber of Industry exports continued their upward momentum in 2025, reflecting the resilience of Jordanian industry in overcoming challenges and expanding its presence in export markets. اضافة اعلان During the first five months of 2025, the Chamber's exports grew by 12.2% compared to the same period in 2024, reaching JD 2.849 billion, up from JD 2.540 billion. Sector Performance Most industrial sectors experienced export growth during this period, with the exception of: Wood, furniture: ↓ 14% Packaging, paper, office supplies: ↓ 9.2% On the other hand, exports of eight other sub-sectors increased, led by: Construction materials: ↑ 86.7% (highest) Engineering, electrical, IT: ↑ 0.5% (lowest) Top Export Destinations India, the United States, Saudi Arabia, and Iraq accounted for over JD 1.635 billion, more than half of the total exports. India: ↑ 14.7% to JD 395 million Saudi Arabia: ↑ 7.2% to JD 352 million Iraq: ↑ 4.8% to JD 381 million United States: ↓ 5.1% to JD 507 million (still the top importer) Notably, exports to: Syria: ↑ 302.1% to JD 114 million (from JD 28 million in 2024) Palestine: ↑ 21% to JD 69 million Geographic Distribution Arab countries: JD 1.396 billion Non-Arab Asian countries: JD 566 million North America: JD 528 million European Union: JD 148 million Africa: JD 82 million Non-EU Europe: JD 79 million South America: JD 20 million Other countries: JD 27 million Sector Breakdown (First Five Months of 2025) Mining industries: JD 610 million Chemicals & cosmetics: JD 532 million Engineering, electrical & IT: JD 444 million Food, agriculture & livestock: JD 417 million Medical & healthcare: JD 273 million Textiles & leather: JD 247 million Plastics & rubber: JD 130 million Packaging & office supplies: JD 102 million Construction materials: JD 87 million Wood & furniture: JD 8 million Founded in 1962, the Amman Chamber of Industry currently includes 8,600 industrial establishments, employing around 159,000 workers, with total capital reaching JD 5 billion.
