Amman - Ezzedine Kanakrieh, President of the Social Security Investment Fund (SSIF), held a meeting on Monday with Ayman Al-Rifai, head of the Al-Nashama Forum for the Jordanian Community Abroad, along with several forum members and Fund managers.
اضافة اعلان
Kanakrieh stated that the purpose of the meeting was to establish communication and institutional cooperation between the Fund and Jordanian expatriates, who play a crucial role in the national economy through their investments and contributions to the economies of allied nations with their expertise.
He also elaborated on the Fund's role in bolstering the financial strength of social security by managing profitable investments across various sectors and regions within Jordan. He highlighted the economic, social, environmental, and institutional impacts of these investments on the Kingdom.
Furthermore, Kanakrieh noted that the SSIF, one of Jordan's largest institutional investors, operates under comprehensive national modernization frameworks to promote responsible and sustainable investment. This approach positively influences all economic sectors and enhances Jordan’s standing as a premier economic hub in the region.
The Fund's assets rose to JD15.5 billion by the end of the first half of this year, up from JD14.8 billion at the end of the previous year. Additionally, the Fund achieved profits of approximately JD514 million during the same period, reflecting a 15 percent increase over the previous year.
Kanakrieh reviewed the Fund's partnerships with the private sector across various industries, including banking, mining, tourism, pharmaceuticals, communications, real estate, agriculture, development zones, and financial leasing in health, transportation, and logistics.
He commended the Forum for its efforts in bridging expatriates and national institutions, enhancing the utilization of national human capital, localizing expatriates' investments, and attracting new investments through the Forum’s global networks.
In response, Al-Rifai expressed confidence in the Fund’s efficient and professional management, as evidenced by its financial performance and investment diversity. He highlighted the Forum’s ongoing efforts to add value to the national economic and social landscape and its coordination with Jordanian embassies abroad.
Al-Rifai also announced the upcoming second conference of the Al-Nashama Forum, which will cover various economic and investment topics and feature representatives from institutions, companies, and expatriates.
The meeting concluded with discussions on potential collaborative opportunities between the SSIF and the Forum, focusing on how the Forum can help disseminate the Fund's message to expatriates and showcase its contributions to economic growth, service improvement, and employment opportunities for youth.
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