Senate Agriculture Committee Reviews SSIF’s Agricultural Investments

Senate Agriculture Committee Reviews SSIF’s Agricultural Investments

The Senate’s Agriculture and Water Committee, chaired by Dr. Akif Al-Zu’bi, convened on Tuesday to review the Social Security Investment Fund’s (SSIF) investments in the agricultural sector, with particular focus on the Fund’s expansion into industrial potato cultivation.
Dr. Al-Zu’bi noted that the Committee’s objective was to gain insight into the agricultural projects implemented by the Fund and the prospects for their development. He highlighted the structural risks and challenges facing the sector—foremost among them the availability of irrigation water—and emphasized their implications for agricultural investments.

SSIF CEO  Dr. Izzedine Kanakrieh highlighted SSIF’s principal investment directions, emphasizing the establishment of the Social Security Investment and Agricultural Industries Company as a vehicle for expanding and diversifying strategic crop production in support of national food security and risk mitigation within the agricultural sector.

Daman for  Investment and Agricultural Industries Company CEO, Dr. Ali Al-Shatti  presented the company’s agricultural plan, detailing the crops currently under production and the key challenges facing the sector. He noted that these investments aim to generate added value within the agricultural economy, create quality employment opportunities, and strengthen crop diversification based on economic feasibility studies and market needs, particularly for inputs to the food and pharmaceutical industries.

In its concluding remarks, the Committee recommended advancing investment in regenerative and soil-enhancing agriculture, in addition to strengthening crop diversification efforts.