Governorates Development Fund

The ROYAL HASHEMITE COURT GOVERNORATES DEVELOPMENT FUND The Governorates Development Fund was launched in 2011 under the patronage of His Majesty King Abdullah II plan with a capital of 150 million JOD. GDF started its operations in November 2012 THE GDF IS FUNDED BY: The private sector through public shareholding companies and large private companies. International fund and organizations: European Union, European Investment Bank, Islamic Development Bank, Arab Fund for Economic and Social Development and the World Bank. 25 million JOD is allocated by The Govermnet Public Budget. THE FUND AIMS TO SELECTION CRITERIA To support productive projects and entrepreneurial initiatives that provides new jobs in a sustainable The priority and the need of manner the project. The selection of projects is based on the analysis, the study and evaluation of several factors, including: Strengthen the partnership between the public and private sectors and civil society institutions in the development of the governorates. To invest in small, medium and large businesses. Creation of job opportunities for Jordanian labor and replacing expats. 57 Fund has contributed 34 million JOD which is 41% of the total capital while the rest is covered by the entrepreneurs. Expected to create Projects are distributed in Total investment of projects have been approved for funding so far $87 1875 all governorates of the Kingdom Jobs opportunities. million JOD. MAJOR PROJECTS SUPPORTED BY GDF Gypsum extraction projects • Textiles and clothing factories • Plastic Industries • Washing Machines factory • Tourism and hotel projects Recycling of industrial products Agricultural projects • Car Maintenance and Service Center • Student Services center for consulting, education and training Processed meat factories • Food industry ONE OF THE SUCCESS STORIES Washing Machines Factory was established in 20 12, with the support of GDF in the Al Hassan Industrial Estate in Irbid. The production line in the factory began in 2013 as a first stage. The project total investment is 2 million , and the contribution of GDF was 1.140 million JOD, (57%) of the total investment. The factory currently employs 30 Jordanian workers; the number will rise to 40 workers by the end of this month, and will reach 300 in two years within the expansion plan. @RHCJO e project Feasibility of the. Return on liadonar economy