jordan pulse -

Chairperson of the Social Security Investment Fund Ezz Eddin Kanakrieh said the Fund’s participation in the Aqaba Port Railway project is aligned with its strategic orientation toward investing in large-scale infrastructure and logistics projects with direct economic impact.

The remarks came after Jordan and the United Arab Emirates signed $2.3 billion agreements to develop the Aqaba Port Railway, a 360-kilometer network built to international standards that will link phosphate mines in Shidiya and potash production sites in Ghor al-Safi to industrial terminals at the Port of Aqaba, addressing a key logistics and supply chain gap. The venture is structured as an equal partnership between several Jordanian sovereign and industrial entities, including the Social Security Investment Fund, and the UAE-based L’Imad Holding.

In a statement to the Jordan News Agency (Petra), Kanakrieh said the investment will enhance the efficiency of supply chains linked to the mining sector, particularly in light of the Fund’s existing equity stakes in the Jordan Phosphate Mines Company and the Arab Potash Company, thereby reinforcing the value of its current portfolio in this sector.

He added that the partnership reflects the Fund’s capacity to forge effective regional alliances with leading investment institutions and underscores its role as the Kingdom’s largest institutional investor.

Kanakrieh noted that the Fund manages an investment portfolio exceeding JD19 billion, representing more than 40 percent of the Gross Domestic Product, and channels its assets into long-term strategic investments aimed at diversification and sustainability.

He pointed out that the Aqaba Port Railway project is the largest of its kind in the Kingdom’s rail transport sector, implemented through Jordanian-Emirati investment and comprising a comprehensive package of infrastructure components, including railway tracks, tunnels, and bridges, built in accordance with international standards.

//Petra// AJ