Saqqaf: To augment it's portfolio, SSIF collaborates with an international ‎entity targeting promising sectors in the Kingdom.‎

Social Security Investment Fund and Meridiam/Jordan signed MOU of Cooperation in Infrastructure Sector

Social Security Investment Fund (SSIF) signed a Memorandum of Understanding (MOU) with Meridiam/Jordan on Monday the 8th of July, 2019 to explore and study potential co-investment opportunities in infrastructure projects in Jordan. Moreover, to identify potential opportunities in Healthcare and Education in a partnership with the private sector.
Mrs. Kholoud Saqqaf SSIF’s CEO pointed out that the signing of this MOU reflects one of SSIF’s strategic goals to effectively invest in infrastructure, education and health sectors. She emphasized that SSIF is keen to invest in these projects as they will increase the value of SSIF’s portfolio, develop the infrastructure landscape in the Kingdom, promote business environment, improve the quality of services provided to citizens in addition to creating new job opportunities for Jordanians across the different governorates.
Saqqaf affirmed that this kind of strategic partnership with high-profile international partners such as Meridiam with its wide expertise in the Global infrastructure market in particular in conducting feasibility studies, execution of large scale infrastructure projects and also has track record of successful partnerships with international funds. According to Saqqaf, This cooperation will be a key pillar in attracting new investments to the Kingdom and expanding others in the vital sectors.
Saqqaf clarified that the Fund will invest only in projects that are proven to be economically feasible based on the results of technical, financial and legal analysis.
Meridiam/ Jordan's and General Manager Mr. Jad Hreibe said "We are proud to be a partner with the largest strategic investor in the Kingdom that has multiple investments in the infrastructure sector, with a vision to expand these investments.”
He added that this cooperation would also enhance the company’s expansion plan in Jordan along with its current investment in the International Airport Group (AIG). Hreibe said that Meridiam is specialized in long term infrastructure projects in many countries and looks forward to invest in these potential opportunities in the Jordanian economy that will contribute to attract local and foreign investors.
Meridiam SAS/ France, The wholly owner of Meridiam/Jordan, is specialized in sustainable investments in terms of the development, financing and management of long term infrastructure projects in partnership with pension funds and the public sector in more than 20 countries around the world.  Meridiam SAS/ France currently manages assets of over USD 7 billion, and more than 70 projects under development, construction or operation to date. Meridiam/Jordan invests in the Kingdom by having a 32% stake in the International Airport Group (AIG).