Jordan Enterprise Development Corporation (JEDCO) CEO, Abdel Fattah Al Kayed and CEO of Jordan Kuwait Bank (JKB), Haethum Buttikhi, on Thursday signed a memorandum of understanding (MoU) to cooperate in developing joint programs. The MoU aims to develop and support entrepreneurship environment and small and medium-sized enterprises (SMEs) by setting a joint framework to enhance cooperation and benefit from the two sides’ capabilities in developing financing solutions and programs for SMEs. According to the memo, SME industrial or service projects will be supported and financed within criteria aimed at raising productivity, increasing competitiveness, enhancing skills and developing technical capabilities to carry out studies and research. This plan is carried out by strengthening contributions of financial institutions in providing “innovative” financing solutions for the SME sector, and establishing partnerships between the public and private sectors, which would “actively” contribute to supporting and developing the SME activities, the MoU indicates.
Source: Jordan News Agency