The Jordanian Social Security Investment Fund (SSIF) and the Oman Investment Authority (OIA) signed an agreement to launch a joint strategic investment partnership, culminating in the establishment of the Jordanian-Omani Investment Company with a capital of 38.5 million Omani riyals (equivalent to approximately $100 million), split equally between the two sides.
اضافة اعلان
According to a statement issued by the Fund on Wednesday, this partnership opens new horizons for joint investments between the two countries by focusing on several vital and promising sectors. Most notably, these include telecommunications and information technology, agriculture and food, pharmaceuticals and medical equipment, energy, mining, tourism, and logistics, thereby enhancing economic integration and creating added value for both economies.
The Executive Chairman of the Social Security Investment Fund, Dr. Ezzeddin Kanakrieh, emphasized that the agreement represents a strategic milestone in expanding Jordan's regional and international investment footprint. He added that it reflects a drive toward building long-term partnerships based on deploying expertise and capital into economically and developmentally viable projects.
He further noted that the establishment of the joint company embodies a shared vision between Jordan and the Sultanate of Oman to invest in priority sectors and boosts cooperation opportunities between investment institutions in both countries, contributing to economic growth and expanding the base of productive projects.
For his part, the Deputy Deputy Prime Minister for Investment at the Oman Investment Authority, Mulham bin Bashir Al Jarf, affirmed that the Omani-Jordanian partnership is an extension of the historical relations between the two nations and a translation of the approach to enhance economic cooperation and direct investments toward promising sectors with sustainable impact.
The new company forms a joint investment platform aimed at supporting businesses and boosting growth opportunities in both countries, while capitalizing on the competitive advantages held by Jordan and the Sultanate of Oman across various economic sectors.
This step is part of both countries' efforts to deepen economic ties, promote mutual investment flows, build partnerships that facilitate knowledge transfer, create new opportunities, and support economic development in Jordan and Oman.
