SSIF and Arab Mining Company Sign MOU to Explore Investment in Jordan's Phosphate Fertilizer Sector
June 21, 2026
The Social Security Investment Fund (SSIF) has signed a Memorandum of Understanding with the Arab Mining Company (AMC) under which SSIF will explore the potential acquisition of a stake in the Arab Phosphate Mining Company, AMC's wholly owned subsidiary developing a phosphate fertilizer manufacturing project in the Hashemite Kingdom of Jordan.
The agreement was signed by SSIF Chief Executive Officer Dr. Izzeddin Kanakrieh and AMC Chairman of the Board of Directors Eng. Mohammed Al-Shahi, in the presence of Social Security Investment Board Chairman Omar Malhas, AMC Director General Dr. Hassan Al-Takrouri, and senior officials from both organizations.
Speaking at the signing ceremony, Investment Board Chairman Omar Malhas described the MOU as an important step toward exploring an investment opportunity in a sector where Jordan holds genuine competitive advantages. He emphasized SSIF's focus on projects that maximize the value added of national resources and generate sustainable economic impact, noting that the Fund's existing investments in the mining sector stand at approximately 1.8 billion Jordanian dinars.
SSIF CEO Dr. Izzeddin Kanakrieh said the MOU will enable the Fund to review the project's technical, economic, and environmental studies and complete the assessments required for an investment decision in line with the Fund's institutional frameworks. "SSIF follows a rigorous methodology grounded in feasibility analysis and risk management before committing to any new investment," he said, adding that the Fund remains focused on opportunities that combine viable financial returns with meaningful development impact in support of Jordan's Economic Modernization Vision.
AMC Chairman Eng. Mohammed Al-Shahi welcomed the agreement, describing it as a model partnership between leading investment and development institutions. "This MOU is a first and significant step toward a promising opportunity in Jordan's mining and phosphate industries," he said. "Through the phosphate mining project in the Al-Risha area and the development of an integrated fertilizer industry, we aim to maximize the utilization of Jordan's natural resources in alignment with sustainable economic development goals."
Established under a resolution of the Arab Economic Unity Council, AMC is a pan-Arab joint company headquartered in Amman. The company develops mining and manufacturing projects across the Arab world with the aim of advancing economic integration and sustainable development.
