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The Social Security Investment Fund (SSIF) last week signed an agreement to start implementing a project to establish a third solar-energy power station to provide electricity to hotels owned by the Social Security Corporation (SSC), SSC branches and the SSIF headquarters. SSIF CEO Kholoud Saqqaf said that building the station with a capacity of five megawatts in Ghour Al Ramah is part of a scheme that started in April when it established two stations with a total capacity of 10 megawatts, according to an SSIF statement on Saturday. Saqqaf noted that the first two stations will commence operations during the first half of 2020. The CEO pointed out that these stations will reduce the SSC’s annual expenditures by JD7 million.
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 2,699.6 million as at 31/03/2025
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