Amman, May 20 (Petra) — 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.

The Saudi Jordanian Investment Fund is wholly owned by the Saudi
Jordanian Investment Company.

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

The memorandum was signed by Chairman of the Social Security
Investment Fund Ezzedine Kanakrieh and Chief Executive Officer of the
Saudi Jordanian Investment Fund Fadi Al-Saeed.

According to a statement issued Wednesday, 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 specialized expertise and strong market presence.

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

For his part, 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, the Social Security Investment Fund
remains the largest institutional investor in the Jordanian economy
through a diversified portfolio spanning major economic sectors and
regional and international partnerships.

The statement added that 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.

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.

//Petra// RZ