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Dr. Ezzeddin Kanakrieh, the CEO of the Social Security Investment Fund (SSIF) of Jordan, and Abdul Salam Murshidi, Head of the Oman Investment Authority, signed a memorandum of understanding (MoU) to bolster joint investment opportunities in key sectors in both countries. This strategic agreement aims to establish a Jordanian-Omani company dedicated to this purpose. Kanakrieh highlighted that the MoU aligns with the royal visions of His Majesty King Abdullah II of Jordan and His Majesty Sultan Haitham bin Tariq of Oman. The timing of the signing coincides with Jordan’s 78th Independence Day and the Silver Jubilee celebrations, further underlining its significance. “This partnership is crucial for enhancing economic stability and addressing regional economic challenges,” Kanakrieh stated. He emphasized that the collaboration will serve as a cornerstone for launching major projects, focusing on infrastructure development, food security, and sustainable energy—priorities for both nations. The agreement aims to foster joint investments in a variety of fields, including information and communications technology, food and agriculture, pharmaceuticals and medical supplies, energy, mining, tourism, and logistics services. It also includes provisions for the exchange of expertise between the two parties. Murshidi expressed optimism about the strategic partnership, noting that it would enhance Arab economic cooperation. He mentioned that a team from the Oman Investment Authority had recently visited Jordan to explore potential sectors for collaboration. “The memorandum formalizes our relationship with the SSIF and advances our cooperation in the drug security, food, and mining sectors,” Murshidi said. He also highlighted ongoing discussions in real estate development and the possibility of establishing a direct shipping line between the Jordanian port of Aqaba and ports in Oman. The MoU marks a significant step towards deeper economic collaboration between Jordan and Oman, promising to yield substantial benefits for both nations.
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