SSIF, HUDC sign MoU to boost urban development in Jordan
January 07, 2025
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.
