Tourism

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 directly invests more than JD 250 million in tourism sector. These investments are managed through the National Tourism Development Company (wholly owned company). 

The National Company of Tourism Development (NTD):

NTD is overseeing a number ‎of five star, four star, and three star hotels that are owned to SSC: Crowne Plaza Amman (the hotel has 279 rooms, restaurants, and other features), Crowne Plaza Petra (the hotel has 147 rooms, and it is under renovation), Crowne Plaza Dead ‎Sea (the hotel has 420 rooms, restaurants, and other features), Holiday Inn Dead ‎Sea (the hotel has 202 rooms, restaurants, and other features) and Intercontinental Aqaba ‎(the hotel has 264 rooms, restaurants, and other features)‎ which are operated by the Intercontinental ‎Hotel Group.
 
NTD also oversees the Guest House, the 4 stars hotel of 72 rooms is located at the entrance of Petra City. The number of employees at the hotel is 100, most of them are from local residents. The Guest House is managed by the International Group under the commercial name of "Crowne Plaza" and it hits a high number of reservations.

In addition, NTD is overseeing‎ a number of tourist rest-houses in various governorates of the Kingdom, which are managed by local investors.

These investments in the sector have created more than 1300 permanent jobs.

The Fund is currently working through the NTD to renovate some rooms and suites at the InterContinental/Aqaba. It also works to renovate the beach neighboring the hotel which will be a destination for non-beach hotels residents. The Fund also works on the renovation of Crowne Plaza Hotel – Petra.

To pay the local community back, these hotels participates in and sponsor many CSR initiatives. ‎One of these initiatives‎ is the "Holiday Inn/Dead Sea Academy". The academy provides ‎an opportunity for youth from surrounding villages to undergo training in food and beverage ‎services, food production and housekeeping then to be hired by these hotels. The training program ‎also include IT skills, English language and soft skills.

Other investments:

The SSC owns stakes in a number of major tourism projects through investment in leading companies in the sector such as Eagle Hills (Saraya Aqaba), Zara Investment Holding, Al Dawliyah for Hotels & Malls Plc (Sheraton Hotel Amman), Tourism Business Company (Marriott / Dead Sea Hotel), and Jordan Projects For Tourism Development P.L.C (Tala Bay /Aqaba). The Fund also co-finances through a syndicated loan the St. Regis Hotel, which was constructed in Amman by Eagle Hills Company.

 
Crowne Plaza Amman
   
Crowne Plaza Dead Sea
   
Holiday Inn Dead Sea
 
   
InterContinental Aqaba
 

The Guest House

 




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