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Ammon News - AMMONNEWS - Prime Minster Hani al-Mulqi said the government should direct its efforts towards spurring the national economy, and promoting investment within the comprehensive economic reform efforts.

Presiding over a ministerial economic team meeting, al-Mulqi said effective mechanisms were needed to stimulate economic growth in line with government drive to cut expenditure.

The prime minister noted the importance of the Social Security Investment Fund (SSIF), as a sovereign fund that contributes to stimulating the national economy and creating new investment opportunities without risk.

Al-Mulqi highlighted the need for new mechanisms to ensure better fund investments, stressing the need to launch highly rewarding investments. Chairperson of the SSIF, Suhair al-Ali, said the fund's investments at the Amman Stock Exchange represent nearly 11 percent of the bourse's market value.

The fund, Al-Ali noted, has established a JD400 million-capital company to boost its inevstments. The Al-Daman Financial Leasing Company, founded in August 2016, will provide leasing services across the Kingdom.

The Fund, in cooperation with the Finance Ministry, is funding two pivotal projects that include the new Amman Customs Project (Madona) at a total cost of JD95 million, and the JD40-million project of Tafilah Hospital, said al-Ali.