King Abdullah II Fund Launches Skills, Riyada Programs To Boost Economic Growth
(MENAFN- Jordan News Agency)
Amman, July 8 (Petra) -- The King Abdullah II Fund for Development (KAFD) has launched the "Skills" (Maharat) and "Riyada" programs, designed to support citizens through initiatives aimed at stimulating economic growth, enhancing human capital, and expanding the base of productive projects across the Kingdom's governorates, ultimately contributing to local development and improving living standards.
In a statement issued on Tuesday, KAFD explained that both programs reflect the royal vision to drive comprehensive development by channeling citizens' potential toward productivity and innovation, aligning with national economic modernization efforts.
The Fund aims through these programs to invest in local capabilities and empower individuals to contribute effectively to the national economy, whether by acquiring skills tailored to labor market demands or transforming entrepreneurial ideas into viable and sustainable businesses.
The "Skills" program serves as a strategic pillar in building a resilient economy by investing in leadership and technical competencies that enhance job readiness for both local and regional markets. It focuses on upskilling and reskilling participants in modern fields, equipping them to adapt to rapid professional and economic changes, and increasing workforce efficiency in critical sectors.
Meanwhile, the "Riyada" program targets support for small and micro-enterprises established by young entrepreneurs in the governorates. It provides financial grants, as well as technical and managerial training, to help transform entrepreneurial ideas into productive, scalable, and sustainable ventures. Priority is given to projects outside the capital, particularly in promising sectors such as technology, agriculture, environment, tourism, and services, ensuring direct benefits to local economies and quality of life in the regions.
The launch of "Skills" and "Riyada" underscores KAFD's evolving role since its establishment by royal decree in 2001, driving development at individual, community, economic, and investment levels.
Amman, July 8 (Petra) -- The King Abdullah II Fund for Development (KAFD) has launched the "Skills" (Maharat) and "Riyada" programs, designed to support citizens through initiatives aimed at stimulating economic growth, enhancing human capital, and expanding the base of productive projects across the Kingdom's governorates, ultimately contributing to local development and improving living standards.
In a statement issued on Tuesday, KAFD explained that both programs reflect the royal vision to drive comprehensive development by channeling citizens' potential toward productivity and innovation, aligning with national economic modernization efforts.
The Fund aims through these programs to invest in local capabilities and empower individuals to contribute effectively to the national economy, whether by acquiring skills tailored to labor market demands or transforming entrepreneurial ideas into viable and sustainable businesses.
The "Skills" program serves as a strategic pillar in building a resilient economy by investing in leadership and technical competencies that enhance job readiness for both local and regional markets. It focuses on upskilling and reskilling participants in modern fields, equipping them to adapt to rapid professional and economic changes, and increasing workforce efficiency in critical sectors.
Meanwhile, the "Riyada" program targets support for small and micro-enterprises established by young entrepreneurs in the governorates. It provides financial grants, as well as technical and managerial training, to help transform entrepreneurial ideas into productive, scalable, and sustainable ventures. Priority is given to projects outside the capital, particularly in promising sectors such as technology, agriculture, environment, tourism, and services, ensuring direct benefits to local economies and quality of life in the regions.
The launch of "Skills" and "Riyada" underscores KAFD's evolving role since its establishment by royal decree in 2001, driving development at individual, community, economic, and investment levels.
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