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Mayor of Amman Dr. Yousef Shawarbeh and CEO of the Social Security Investment Fund (SSIF), Dr. Ezzeddin Kanakrieh, discussed enhancing their partnership to drive urban sustainability and economic growth.
Mayor Shawarbeh emphasized that the municipality, along with its investment arm, Amman Vision Investment Company, is spearheading several significant investment initiatives aimed at transforming Amman into an environmentally sustainable city with cutting-edge infrastructure designed to attract more investments.
Dr. Kanakrieh expressed SSIF's eagerness to deepen its fruitful collaborations with Amman Municipality, highlighting the fund's substantial financial role in the Amman-Zarqa Bus Rapid Transit (BRT) project, which commands an investment of 148 million dinars. He also reaffirmed the fund’s readiness to evaluate and engage in further profitable investment opportunities that would serve both entities and contribute positively to the national economy.
The meeting focused on strategizing methods to bolster cooperation on various promising investment opportunities, aiming to maximize both the investment benefits and enhance Jordan’s business environment. The collaborative efforts are intended to develop infrastructure beneficial to both Jordanian citizens and investors, aligning with broader economic growth objectives.
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