UAE, Jordan sign $100m agreement to support entrepreneurs
The UAE and Jordan have signed a $100 million agreement aimed at financing micro, small and medium-sized enterprises (SMEs) in the kingdom. The agreement, signed at Al Husseiniya Palace by the Khalifa Fund for Enterprise Development and Jordan’s Crown Prince Foundation, is aimed to support entrepreneurship and underpin the Jordanian government’s efforts to ensure a stable and balanced economy.
It targets financing around 22,000 projects over five years and creating around 28,000 job opportunities for Jordanian youth. Women-focused projects account for 47 percent of the developments, with rural areas getting 40 percent of the finance.
Source Credit: Startup
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