Kanakrieh: Continued Growth and Profitability of the Social Security Investment Fund Attracts Investment

Kanakrieh: Continued Growth and Profitability of the Social Security Investment Fund Attracts Investment

The Social Security Investment Fund (SSIF) CEO Dr. Ezzeddin Kanakrieh stated that the Fund's success story, along with its continued growth and profitability, are key factors in local investment localization and attracting foreign investment.

Speaking during a session titled "Investment Drivers in Jordan" at the 10th International Conference on Business and Technology organized by the University of Jordan, Kanakrieh highlighted the role of the Fund as a major institutional investor, with assets reaching approximately JD 15.5 billion, accounting for around 40% of GDP. 


He outlined the prudent methodology employed in managing and distributing the Fund’s investments across viable financial instruments and promising sectors. He noted that the Fund's profits at the end of the first half of this year amounted to around JD 514 million, reflecting an increase of approximately 15% compared to the same period last year.


Kanakrieh further explained that the Fund has established successful partnerships with the private sector, significantly stimulating economic activity and enhancing the attractiveness of the business environment. The Fund plays a crucial role in attracting foreign investments and localizing domestic investments, positioning itself as the "preferred partner" for the private sector. 


These partnerships extend to various sectors including financial (banks, insurance, and financial services), mining, industry, energy, tourism, agriculture, real estate development, and developmental zones. He also highlighted the Fund's interest in major national projects, including PPP and the Economic Modernization Vision projects.