Agricultural investment promotes return on SSIF Portfolio, enhances national food security

[03-09-2023 03:50 PM]

Ammon News - Social Security Investment Fund (SSIF) CEO Dr. Ezzeddin Kanakrieh said that the Fund invests in agriculture sector through its investment arm “Daman Investment and Agricultural Industries Company” (DIAI) that was established by the end of 2020.

Talking to “Alrai Newspaper”, SSIF CEO pointed out the importance of such projects to diversify the components and further augment SSIF portfolio’s value. In line with the Royal Vision, the project will also enhance the national food security, promote economic growth and reduce poverty and unemployment.

The multi-phased project that is located in the southern region of the Kingdom in Al-Mudawwarah on will cover part of the local consumption of strategic corps such as wheat, potatoes, silage corns, onions, and watermelon and animal feed. Currently, the project has created 60 permanent jobs and is expected to reach up to 130 permanent jobs upon completion, in addition to the seasonal jobs.

Furthermore, Mafraq Development Company, the master developer of King Hussein Bin Talal Development Area/Mafraq, has recently signed an agreement with the Ministry of Agriculture to attract new food industries to the Area.

The new investments are expected to promote the added value of the Area that attracted JD 458 million industrial investments owned by Jordanian, Arab and foreigners’ investors.

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