AMMAN — The government continues to
repay its debts to the
Social Security Investment Fund (SSIF), depositing the
payments directly into the fund’s account with the Central Bank of Jordan, SSIF
CEO Kholoud Saqqaf was quoted by the Jordan News Agency, Petra, as saying on
Sunday.
اضافة اعلان
At a meeting with the Lower House’s Economy and Investment Committee,
Saqqaf said that as of June 30, the SSIF’s assets totaled JD13.3 billion and
its profits stood at JD371 million.
The fund acquired 30,000 dunums with 12 artesian wells; 8,000 dunums will
be planted as part of the first phase of the project, Saqqaf said, adding that
the land will be used for the cultivation of wheat, barley, and livestock feed
in the Al-Mudawara region in the south. Each dunum yielded 450kg of the
“finest” seeds, and there will be another harvest in September of this year,
Saqqaf said, adding that the project has so far cost only JD6 million. She
assured the committee that the project does not compete with small farmers.
She
also informed legislators that the SSIF is a shareholder in 12 local banks and
that it has 16 percent ownership stakes in Jordan Phosphate Mines Company and
10 percent in Arab Potash Company.
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