AMMAN — The
Social Security Investment Fund (SSIF) reaffirmed that its first agricultural project will contribute to
covering part of the local consumption needs of strategic agricultural products
in line with the Kingdom’s agricultural map.
اضافة اعلان
In a press statement, SSIF said that the project is
established in the southern region of the Kingdom on an area of 30sq.km at a total cost of JD13 million, and is managed by
Daman Company for
Investment and Agricultural Industries, a wholly owned company that was founded
by SSIF at the end of 2020.
During a site visit,
the investment board members, SSIF managers and the company’s representatives
were be briefed on the multi-phase project that is managed by the company’s
local experts and partnering with local investors, with the goal to invest in
feasible projects that also contribute to the national food security and the
shift to green economy.
Phase one of the project included developing the
project’s infrastructure and planting around eight square kilometers with
grains, in addition to animal feeds, that will be harvested by end of this
month.
According to the statement, expansion opportunities in food
production and manufacturing will be considered on the basis of the results of
feasibility studies and the risk levels of those potential investment
opportunities and their alignment with SSIF’s investment policy. Cooperation
with agricultural research centers will also be considered to create
sustainable agricultural systems, develop scientific research and innovation in
the sector, it added.
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