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Home » Sharakah and Jordan Enterprise Development Corporation partner to drive SME development

Sharakah and Jordan Enterprise Development Corporation partner to drive SME development

by Madaline Dunn

Sharakah has partnered with Jordan Enterprise Development Corporation, signing a Memorandum of Understanding (MOU) to enhance SME development, it has been announced. 

The agreement was signed by Ali Muqaibal, CEO of Sharakah, and Abdulfattah Al-Kayed, CEO of Jordan Enterprise Development Corporation and covers various areas of cooperation. 

This includes:

  • Sharing expertise on laws and regulations affecting SMEs, participating in global exhibitions that highlight entrepreneurship and SME growth, 
  • Leveraging technological insights, and 
  • Conducting training programmes and workshops in entrepreneurship and business management to promote knowledge exchange. 

The partnership, it was shared, also focuses on joint strategy development and setting performance indicators, covering ten areas of collaboration.

Commenting on the partnership, Ali Muqaibal, CEO of Sharakah, said:“The goal is to meet the shared interests of both Sharakah and the Jordanian Corporation, fostering the development of collaborative efforts, enhancing investment opportunities between Oman and Jordan, and benefiting the wider economic landscape.”

Abdulfattah Al-Kayed, CEO of Jordan Enterprise Development Corporation, added:  “The collaboration aims to elevate the quality and efficiency of services offered to stakeholders through the exchange of data, adoption of best practices, and the initiation of joint ventures and projects.”

In addition to the MOU, the Jordanian Corporation has invited Sharakah to join the recently established Arab Network for Entrepreneurship. 

This initiative serves as the foundation for an Arab platform dedicated to environmental integration and the exchange of expertise. 

It provides a comprehensive ecosystem that grants entrepreneurs access to guidance, training, financing and networking opportunities. 

This environment aims to foster collaboration between business leaders, institutions, and youth.

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