SSIF establishes new agricultural project in the south on an area of 25,000 dunums
September 01, 2020
The Social Security Investment Fund (SSIF) announced the establishment of the Daman Company for Investment and Agricultural Industries, to invest in its first agricultural project, at a total cost of JD13 million.
SSIF CEO Kholoud Saqqaf said that line with the Fund's 2019-2021 strategic plan that aims at launching profitable businesses in new sectors, SSIF has established the new company to manage the first agricultural investment in the southern region of the Kingdom on an area of 25,000 dunums to produce vegetables and animal feed (fodder). The project will be manages in cooperation with specialized companies from the private sector that have the expertise and track record in developing and marketing such projects.
She also highlighted the development dimension of such projects that target the Kingdom's governorates, which entail optimizing available local resources, developing infrastructure in the targeted areas and attracting new investments.
