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18 April 2024

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SSIF investments constitute 43% of Jordan's GDP

07-03-2026 02:12 PM


Ammon News - CEO of the Social Security Investment Fund (SSIF), Dr. Ezz Eddin Kanakrieh, said the fund continues to strengthen its position as "one of the leading institutional" investors in the national economy.

On their value, Kanakrieh announced the SSIF's assets are equivalent to approximately 43% of the Kingdom's GDP, as investments are distributed across most economic sectors and in various governorates of the Kingdom.

Kanakrieh noted this situation contributes to supporting economic development and underscores the fund's role as a "fundamental" investment pillar of the national economy.

In remarks to "Petra," he stated the fund's investments are managed, in accordance with a "long-term" investment approach based on "careful diversification of assets, risk management, and investment decisions grounded in specialized technical and financial studies, which ensure profitable returns within acceptable risk levels."

He noted this approach stems from the fund's "institutional" responsibility to manage and grow savings of subscribers and retirees, which would enhance sustainability of the pension system for current and future generations.

He said the fund's assets have witnessed "continuous" growth since its establishment, rising from JD1.6 billion in 2003 to approximately JD18.6 billion by the end of 2025.

He indicated that this growth came from cumulative investment profits amounting to JD10.8 billion, compared to approximately JD6.2 billion in cash surpluses transferred from the Social Security Corporation since its inception.

During 2025 alone, he announced assets increased by approximately JD2.4 billion, representing a growth rate of 15.2% compared to the previous year, which reflects "robustness of the long-term" investment approach adopted by the fund in managing social security savings.

Kanakrieh remarked the companies and projects owned or invested in by the fund provide more than 100,000 direct job opportunities, as well as tens of thousands of indirect job opportunities in related sectors such as industry, services, transportation, and supply chains.

Kanakrieh added that this situation reflects the "broad" economic impact of its investments and its role in stimulating economic activity across various sectors.

Petra




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