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The Social Security Investment Fund (SSIF) and the Housing and Urban Development Corporation (HUDC) have signed a Memorandum of Understanding (MoU) aimed at advancing real estate development and urban transformation in Jordan. The MoU was signed by Dr. Ezzeddin Kanakrieh, CEO of SSIF, and Eng. Jumana Al-Attiyat, Director General of HUDC, following recommendations from a joint committee that assessed land owned by the Social Security Fund in various locations. The agreement sets a framework for collaboration between the two institutions to drive real estate investment and infrastructure development. Dr. Kanakrieh highlighted in a statement, the MoU’s alignment with Jordan’s Economic Modernization Vision, emphasizing its potential to stimulate the real estate market, enhance infrastructure, and deliver both economic and social benefits, reiterating SSIF’s commitment to forging strategic partnerships with key stakeholders to support national development goals. Eng. Al-Attiyat praised the partnership as a milestone in achieving urban development objectives, underscoring HUDC’s expertise in urban planning and housing design, emphasizing the Corporation’s role in spearheading transformative projects in collaboration with SSIF to enhance urban development across Jordan.
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