Irbid, July 8 (Petra) – The Industry Support and Development Fund has allocated €35 million to its "Leadership in Industry" programme to support small and medium-sized industrial enterprises and strengthen the sector's competitiveness across the Kingdom.

Speaking at an introductory session at the Irbid Chamber of Industry on Tuesday, Fund Director Mamoun Abu Shawar said the first phase will target 150 industrial establishments, followed by 120 more in the second phase, bringing the total number of beneficiaries to 270.

Funded by the German Development Bank (KfW), the programme will finance up to 70 per cent of project costs, with grants ranging from JD25,000 to JD100,000.

Abu Shawar said 40 per cent of the funding will be allocated to projects in the governorates, with the initiative aimed at promoting innovation, sustainable growth and job creation, particularly for women.

He added that applications will be submitted electronically, with technical support and training provided to help companies complete the application process.

//Petra// AK