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Chief Commissioner of the Petra Development and Tourism Region Authority (PDTRA), Fares Braizat, met Sunday with Chairman of the Social Security Investment Board, Omar Malhas, to explore investment opportunities aimed at boosting economic development in Petra, opening new projects that benefit the local community, supporting tourism sustainability, and contributing to the revenues of both the authority and the Social Security Corporation. This marks the first time the Social Security Investment Board has held a meeting outside the capital, Amman, selecting Petra in recognition of its strategic importance and significance to the Social Security Corporation. The move also reflects solidarity with the tourism sector in the region, which faces challenges due to economic conditions and regional instability. Braizat welcomed the board's choice, emphasizing Petra’s role as a national investment hub and the commitment of institutions to support tourism during this sensitive period. He highlighted the partnership’s potential to foster comprehensive development, create local employment opportunities, and enhance the tourism sector’s growth in Petra. Malhas, in turn, stressed the board's dedication to directing investments towards economically viable projects that add value to the community. He said the meeting aims to study promising investment opportunities in collaboration with the PDTRA to support the national economy, generate new jobs for local communities, and diversify tourism and service products. The meeting was attended by Izzedine Kanakrieh, CEO of the Social Security Investment Fund (SSIF), and Nadia Al-Rawabdeh, Chairwoman of the Board of Directors of the National Company for Tourism Development.
The Social Security Corporation (SSC) is a major investor in the tourism sector. Geographically, its portfolio covers most parts of the Kingdom through direct and indirect investments.
SSIF invests in the energy sector through strategic holdings in electricity generation and distribution companies, in addition to renewable energy projects
Al Daman for Development Zones Company (DDC) was established in 2009 as a private shareholding company fully owned by the Social Security Corporation. DDC is the investment arm of the Investment Fund for infrastructure development, services and marketing for the King Hussein Bin Talal Development Area in Al Mafraq and the Irbid Development Area
The value of the equity portfolio amounted to around JD 2,944.4 million as at 30/06/2025
The value of the bonds portfolio amounted to JD 9,831.6 million as at 30/06/2025
The portfolio consists of money market instruments with maturity dates that do not exceed one year, such as deposits, treasury bills, repurchase agreements, certificates of deposit and current accounts.
The Fund invests in medium and long term loans through direct lending to the Jordanian Government and its public institutions, and also by participating in syndicated loans to companies for a period that is not less than one year.
In September 2020, SSIF established a wholly owned company that will launch an agricultural project in the south on an area of 30,000 dunums with a total investment of JD 13 million