AMMAN — The president of the
social security investment fund, Ezzeddin Kanakrieh, stated on Tuesday that the government is committed to
repaying its debts to the fund on schedule without any delays.
اضافة اعلان
During a meeting with the parliamentary administrative
committee and representatives from the
Social Security Investment Fund,
Kanakrieh added that the fund's direct investments provide approximately 6,500
high-quality job opportunities for Jordanians in various sectors. Additionally,
indirect investments create over 100,000 direct job opportunities, along with
indirect employment opportunities in sectors related to those investments.
Kanakrieh affirmed that the fund's investments are
geographically distributed across the different provinces of the kingdom, Ammon News reported.
The fund’s assets
Kanakrieh mentioned that the
fund's assets reached
approximately JD14.3 billion at the end of the Q2 2023, compared to JD13.8
billion last year, indicating a growth rate of about 4 percent. He added that
the net income generated from various investment instruments increased by about
20 percent to reach JD447 million at the end of the Q2 this year, compared to
JD371 million for the same period last year.
He explained that this increase primarily came from the
bond portfolio valued at JD231 million, the stock portfolio valued at JD146.5
million, and the money market instruments portfolio valued at JD56.6 million,
in addition to returns from loan portfolios and real estate investments.
Regarding future projects, Kanakrieh emphasized the
importance of having financial and technical investors to establish major
projects in partnership with the fund. He outlined several projects planned for
the next phase, including establishing a four-star hotel in the vicinity of the
InterContinental Aqaba Hotel, as well as exploring development opportunities
for Social Security-owned land in Aqaba to create new tourist, entertainment,
and commercial projects that cater to tourists' aspirations.
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