The Singapore-Jordan Incubation Program has been launched to support Singaporean startups looking to venture into the Middle East and North Africa (MENA) region through Jordan. The program offers free co-working space, use of facilities, business matchmaking, networking opportunities, and assistance in obtaining permits and establishing a local presence.
Expanding Startups into MENA Region
Through the Singapore-Jordan Incubation Program, Singaporean startups can grow their businesses in Jordan and use the country as a springboard into the larger MENA region. The program provides participants with access to resources such as free co-working space, networking opportunities, and support with legal matters, including permits and establishing a local presence.
Why Jordan is a Strategic Location
Jordan is an attractive destination for Singaporean businesses looking to expand into the MENA region, thanks to its outstanding connectivity, political and social stability, and solid ROI potential. As a strategic location in the middle of three continents, Jordan offers extensive Free Trade Agreements with various locations, including Arab countries, EU, Singapore, Turkey, and the USA. Furthermore, the nation boasts a highly skilled and cost-efficient talent pool, especially in the ICT and renewable energy sectors.
BIGO Technology’s Role in the Program
Having established its presence in Jordan in 2019, BIGO Technology has experienced significant growth, increasing its employee count from 25 to 1,000 by the end of 2022. Leveraging their success in the region, BIGO aims to support other Singaporean businesses looking to enter the dynamic MENA market through the incubation program.
In conclusion, the Singapore-Jordan Incubation Program offers a valuable opportunity for startups to expand their ventures into the promising MENA region. With its strategic location, strong economic foundations, and the support of experienced players like BIGO Technology, Jordan is an excellent gateway for businesses looking to make their mark in this thriving market.