𝗦𝗦𝗜𝗙 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘄𝗶𝘁𝗵 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗲𝗻𝘁𝗿𝘆 𝗶𝗻𝘁𝗼 𝗿𝗮𝗶𝗹 𝘁𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁

The Chief Executive Officer of Social Security Investment Fund, (SSIF), Dr. Izzaldeen Kanakrieh, said the fund’s participation in the Aqaba Railway project reflects a long-term, institutional strategy targeting high-value national infrastructure investments.

Speaking on a televised interview, Kanakrieh said the investment follows a dual-track approach: a direct 7% stake in the railway project company, and indirect exposure through SSIF’s holdings in Jordan Phosphate Mines Co.PLC (about 17%) and Arab Potash Company (around 10%).

He added the partnership demonstrates the fund’s ability to build effective local and regional alliances, boosting confidence in Jordan’s economy and its investment climate.

The Aqaba Railway marks SSIF’s first rail-sector investment and aligns with the government’s push to accelerate major projects under its economic modernization agenda, with 2026 declared the “year of projects.”

Kanakrieh said SSIF plans to expand into other rail-related developments and strategic projects, including the national water carrier, the Risha gas pipeline and a phosphoric acid plant.

He added the investment will enhance efficiency in key sectors, stimulate economic activity and generate jobs, thereby strengthening the social security system’s sustainability.

The Aqaba Port Railway project company is jointly owned by Jordanian entities - including Jordan Phosphate Mines (30%), the
Government Investments Management Company (GIMC) (8%), SSIF (7%) and Arab Potash (5%) - alongside Abu Dhabi-based L’IMAD Holding.