Karak gets largest portion of financing from Governorate Development Fund

AMMAN — The Governorate Development Fund has financed 116 projects with JD52 million, Hana Aridi, acting chief executive officer of Jordan Enterprise Development Corporation, said Wednesday. Aridi indicated that the projects generated investments worth JD111 million and provided 3,283 new job opportunities. His Majesty King Abdullah established the fund in 2011 with a JD150 million capital from the government in partnership with the private sector. Karak received JD13 million to implement 20 projects that will generate 1,038 new jobs. Balqa’s share was about JD7 million for 11 projects expected to create 481 new jobs. Irbid was provided with JD7 million for 12 projects to generate 317 jobs. Amman’s share to finance four projects that will provide 184 jobs reached JD4 million. The fund also provided Mafraq with JD4 million to establish 7 new projects with 171 jobs. Around 276 new jobs are expected in Tafileh in 18 projects worth JD3 million. Madaba has benefited from JD3 million for 10 projects with 196 jobs. Zarqa’s assistance reached JD2 million for 3 projects to generate 150 jobs. Aqaba has received financing for 2 projects worth JD1.5 million that generated 48 new jobs. Ajloun was financed with JD1 million for 9 projects with 71 jobs.