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Attending the “Post-COVID-19 Jordanian Economy” conference, Lower House Speaker Abdulmunim Oddat said on Saturday that the Kingdom has learned a lot since the outbreak of the pandemic, the Jordan News Agency, Petra, reported. The COVID-19 pandemic has enabled Jordan to “differentiate between available logistic potential and the real potential required for crisis management”, Oddat said. Social Security Investment Fund (SSIF) CEO Kholoud Saqqaf said that the fund has faced many challenges resulting from several companies’ closures, which affected the SSIF’s investments. Saqqaf said that the fund’s total assets exceeded JD12 billion in the first half of 2021 compared with JD11.2 billion during the same period of 2020. He added that SSIF income has witnessed a 24.5 per cent growth to JD313 million until the end of June 2021 compared with about JD215 million in the January-June period of 2020. MP Khalid Abu Hassan, head of the Lower Chamber’s Economy Committee, called for supporting the private sector as a pillar in the recovery of the economy and the public life. Abu Hassan added that the public sector will be suffering and unable to generate jobs and provide sustainable development, which points to the importance of private sector cooperation.
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