
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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Jordan News
2 days ago
- Jordan News
Jordan's medical exports grew by 15% at JD612m in 2024-JCI - Jordan News
Representative of Pharmaceutical Industries and Medical Supply Sector in Jordan Chamber of Industry (JCI), Fadi Atrash, said the Kingdom is "now among the most advanced" countries in the pharmaceutical and medical supplies industry, as its products see demand at the global level. اضافة اعلان In remarks to "Petra" Saturday, Atrash noted the sector enjoys His Majesty King Abdullah II's support and attention, which secured its development and modernization, and attracted investments, adding that its products have become the "focus of global" attention due to their "competitiveness and high quality." Atrash added that the sector has 151 industrial facilities with a registered capital of JD385 million and employs 10,000 workers (directly and indirectly), 95% of whom are Jordanians, while the rate of female workers reaches 35% of the total figure. Atrash indicated that these establishments manufacture products that reach the markets of 80 globally. Over the past years, Atrash stated the sector has witnessed "significant" development and has worked to provide "high-quality" products that are accepted locally and globally, thanks to the innovation and "unrelenting" efforts of its industrial facilities. Atrash noted the sector possesses "numerous and diverse" products, mainly medical and therapeutic materials, drugs, veterinary therapeutic products, dental supplies, therapeutic preparations, medical disinfectants, laboratory reagents, equipment, nutritional supplements, and vitamins. The sector, he said, has an "interconnected" relationship with various industries and institutions within the Kingdom's medical sector, particularly hospitals, laboratories, medical analysis centers, specialized centers, the commercial sector, and pharmacies. Atrash noted the sector's contribution to the gross domestic product amounts to approximately 4% and accounts for 11% of the total current production of manufacturing industries, while 51% of the total production constitutes added value. Atash indicated that the sector's products have obtained the "necessary" quality certificates and accreditations for export and progress, adding that global access has reflected in developing service industries needed to provide a "distinguished and advanced" national product, particularly in the packaging and engineering industries, energy services, and information technology. Atrash remarked the sector's facilities have achieved "significant" accomplishments in terms of production, exports, and technological development. The sector's current production volume has grown "significantly" over the past 25 years, reaching approximately JD1.62 billion annually, he pointed out. Atrash stated the sector includes three sub-sectors, namely human pharmaceutical industries, veterinary pharmaceuticals, and medical supplies, adding that human pharmaceuticals constitute approximately 85% of the sector's total activity. Over the past decade, he noted the sector's exports have doubled, reaching JD612 million last year, marking a 15% increase over 2023, adding that Saudi Arabia, Iraq, Algeria, and the United States are the main importers of its products. Atrash also referred to a "significant" opportunity to increase the sector's growth and exports based on the Economic Modernization Vision and its "essential" pillars to support the sector and increase its contribution to the gross domestic product. The Kingdom, he said, possesses "numerous" export opportunities to various countries globally in various industrial sectors, mainly the therapeutic industries and medical supplies, which are estimated at more than $515 million to various countries.


Jordan News
22-06-2025
- 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.