Social Security Investments enhance the diversity of Tourism Product in The Golden Triangle

SSIF CEO Dr. Ezzeddin Kanakrieh met Aqaba Special Economic Zone Authority Chief Commissioner Nayef Al-Fayez discussing the ways for boosting investments.

This meeting was held with ASEZA Board members, Chairman of the Board of the National Company for Tourism Development Dr. Moayad Samman, a number of managers from SSIF and NTD Company, and Chairman of the Board of Daman Investment Company. They discussed the current implemented plans in order to maximize the value of SSIF investments and to get the benefit of opportunities available in Aqaba.

Kanakrieh did fields visits to the Fund’s investments and projects; like InterContinental – Aqaba, Aqaba Beach Development Project which overseen by NTD Company, Aqaba Gateway Commercial Complex (owned by Daman Investment Company), The fountain (owned by Jordan Duty Free Shops), and Tala Bay Resort (owned by Aqaba Development Corporation).

Kanakrieh and the delegation looked at the companies’ plans to improve the financial performance and maintain the services level provided to tourists.

Also, opportunities of developing a number of lands owned by Social Security Corporation that have strategic location in Aqaba were discussed, in order to contribute to enrich and diversify tourism product in the Golden triangle, through establishing new tourism, entertaining, and commercial projects that fulfill the tourists’ needs.

It is worth mentioning that SSIF owns a number of tourism projects overseen by NTD company (wholly- owned by SSIF). In addition, SSIF owns shares in a number of leading tourism and services companies. As it owns 61% of Daman Investment Company, 56% of Jordan Duty Free Shops, and around 9% of Aqaba Development Corporation).