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Social Security Investment Fund CEO ( SSIF) Kholoud Saqqaf visited the development areas in Mafraq and Irbid in presence of Investment Commission Chairman Dr. Khaled Wazani to detect the prominent challenges that face investors in these areas and explore convenient solutions by the investment commission.
Saqqaf empathized the vital role these areas play in attracting local and foreign investments. Saqqaf said that SSIF directs its subsidiaries that manage these areas to continuously upscale the infrastructure and improve the services provided to the investors. SSIF also pursues solving the challenges the investors face in collaboration with the concerned parties. It’s worth mentioning that those development areas that SSIF established in 2009 have attracted investments of around JD 250 million and created more than 2000 permanent jobs in various industrial and IT sectors.
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