IRADA conducted 1,979 SME feasibility studies in 2022

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IRADA, a national programme launched by the Ministry of Planning and International Cooperation, prepared 1,979 economic feasibility studies for small- and medium-sized enterprises (SMEs) projects in 2022, with a total investment volume of JD35 million.

Sami Olaimi, head of the central support unit at IRADA, said that approximately 2,443 jobs were created for the purpose of conducting the studies. The programme also worked to launch and implement 1,186 projects, including SMEs, with 769 of these projects receiving loans worth a total of JD10.5 million, he added, according to the Jordan News Agency, Petra.

Of the total projects, 48 per cent were commercial, 29 per cent were service-based, 11 per cent were agricultural, 9 per cent were industrial and per cent tourism-related.

The largest quantity of micro and household projects were home service enterprises, accounting for 41 per cent, followed by agricultural enterprises, which accounted for 27 per cent, home commercial projects with 18 per cent, industrial projects at 11 per cent, and tourism projects, which measured less than 4 per cent.

IRADA, which has been operational since 2002, is focused on improving the living conditions and productivity of Jordanians, especially in underprivileged areas. The programme's activities aim to stimulate the community to launch and develop SMEs that improve income level and living standards of local communities.