8 Jordanian companies to receive funds to create jobs for youth

8 Jordanian companies to receive funds to create jobs for youth

AMMAN — Ambassador of the Netherlands to Jordan Harry Verweij on Wednesday hosted a ceremony celebrating the selection of eight Jordanian companies that will receive financial support in the second phase of the Dutch Challenge Fund for Youth Employment (CFYE) in Amman.

CEOs, private sector representatives, universities, ecosystem actors and government officials attended the event.

The second phase of CFYE aims to create more jobs and improve the quality of work for young people, especially women, according to a CFYE statement.

This phase will provide the eight Jordanian businesses with a total of 5.5 million euros. During the event, the selected businesses introduced their solutions for increasing youth employment opportunities within their companies.

“The Netherlands is committed to promoting a strong and thriving private sector in Jordan. The CFYE approach is unique; private businesses receive direct investments to incentivise them to grow. These investments are conditional to creating decent jobs and prospects for young people,” said Ambassador Verweij.

The CFYE operates by inviting the private sector, civil society and knowledge institutions to submit proposals for initiatives that will pave the way towards creating scalable solutions for more and better jobs for youth.

“We are looking forward to kicking off these eight new partnerships with private sector