Jordan’s SSC plans $1.27b investments this year

06 Apr 2010

(MENAFN) The President of the Investment Unit (IU) of Jordan’s Social Security Corporation (SSC) said that the unit will invest more than $1.27 billion in several economic sectors during 2010, Petra reported.

The decision comes after the IU’s assets grew by 0.5 percent, or $31 million, in 2009 from $6.4 billion at the end of 2008, according to figures announced yesterday by the director of IU’s financial department.
The unit plans to increase its external investments from 5 per cent of its total investment portfolio to 10 percent, he told reporters during a press briefing held in Amman.

He pointed out that financing the development zones in Mafraq, Irbid and Dabouq are among the local projects on the unit’s agenda for 2010, in addition to developing a beach club in Aqaba.

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