The Institute of Management Consultants and Trainers (IMC–Jordan) has announced the launch of an EU-funded project aimed at developing the management consulting sector and strengthening its services’ exporting possibilities in the region.

The JD107,000 ($150,704) project is being developed in four phases and will be completed in 10 months, said a statement from IMC-Jordan.

The institute on Sunday launched the first phase of the project, funded by the European Union in co-operation with Jordan Enterprise Development Corporation (Jedco).

IMC-Jordan will develop a categorized database of management consulting, and training companies and individuals based on number of years of experience and areas of expertise, said Dr Hamdallah Mubarak, chairman of the board of directors. 

“We value the EU and JEDCO’s funding and support for this strategic project. We expect that it will accelerate the sector’s development tempo, doubling local and regional business opportunities for Jordanian expertise,” he commented.

Dr Mubarak pointed out that the project came to life after a comprehensive study conducted by IMC-Jordan in 2009, funded by the EU and supported by Jedco. The study aimed at revisiting the Institute’s strategies and tailoring them to the current economy status.

IMC–Jordan executive director, Reema Nasser said in the first phase, it will develop a classification system for corporates and individuals existing in the management consulting and training sectors, categorized according to expertise and years of experience.

“In the second and third stages, IMC-Jordan will produce and publicize two documents “Best Practices” and “Benefits of Management Consulting,” aimed at assisting the sector in identifying professional criteria for management and training consultants, in addition to allowing beneficiaries a tool to evaluate the consultants’ performance.”

The final stage will include conducting and organising field activities, workshops, and trade missions in supporting the export of consulting services processes and deployment, contributing to economy and region’s competitiveness, she added.-TradeArabia News Service