AMMAN — The Social Security Investment Fund (SSIF) and the Saudi Jordanian Investment Fund (SJIF) signed a memorandum of understanding aimed at accelerating investment cooperation and identifying strategic opportunities across priority sectors in Jordan.

 

The agreement reflects growing efforts to expand long-term institutional investment partnerships and channel capital toward infrastructure, healthcare, technology and tourism projects, according to a statement from SSIF.

 

The signing ceremony was attended by Labor Minister and Chairman of the Social Security Corporation Khaled Bakkar, Chairman of the Saudi Jordanian Investment Company Mutaib Al Shathri and Chairman of the Social Security Investment Board Omar Malhas.

 

The MoU was signed by Chief Executive of the Social Security Investment Fund Dr Izzedine Kanakrieh, and Chief Executive Officer of the Saudi Jordanian Investment Fund Fadi Al Saeed, the statement said.

 

The memorandum establishes a framework for cooperation between the two investment institutions through the exchange of technical and investment expertise and the acceleration of studies related to high-priority investment opportunities.

 

The agreement is also intended to support the attraction of long-term investment flows, strengthen institutional partnerships and improve capital allocation toward targeted sectors to support sustainable economic growth.

 

Kanakrieh said the memorandum aligns with the fund’s broader strategy of enhancing investment efficiency through participation in strategically significant projects alongside regional investment institutions with specialised expertise and strong market presence.

 

He added that the partnership supports shared development objectives and contributes to strengthening growth opportunities across Arab economies.

 

Al Saeed said the agreement reflects the company’s strategy of directing investments toward high-potential projects through long-term institutional partnerships capable of accelerating the development of strategic investments.

 

He added that the company aims to further expand its investment portfolio in infrastructure, healthcare, tourism and technology while increasing growth investments in promising Jordanian companies.

 

According to the statement, SSIF remains the largest institutional investor in the Jordanian economy through a diversified portfolio spanning major economic sectors and regional and international partnerships.

 

The Saudi Jordanian Investment Company currently holds investments in several sectors within the Jordanian market, including Jordan Capital Bank Group, Today’s Bakery and OpenSooq, the statement said.

 

Its investments also include the Kingdom Healthcare and Medical Education project, which comprises Kingdom University for Medical Sciences and the Kingdom University Hospital, expected to open in late 2027, in addition to feasibility studies for several strategic projects.