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Jordan, Oman establish $100 million joint investment company to boost economic cooperation

The Social Security Investment Fund (SSIF) and the Oman Investment Authority (OIA) have signed an agreement to establish the Jordanian-Omani Investment Company, with a capital of 38.5 million Omani Rials (approximately $100 million) (Petra photo)
The Social Security Investment Fund (SSIF) and the Oman Investment Authority (OIA) have signed an agreement to establish the Jordanian-Omani Investment Company, with a capital of 38.5 million Omani Rials (approximately $100 million) (Petra photo)
By JT | 21:24 July 8, 2026 |
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AMMAN — Jordan and Oman have launched an investment partnership aimed at expanding economic cooperation through the establishment of the Jordanian-Omani Investment Company, with a capital of 38.5 million Omani Rials (around $100 million).

The agreement to create the company was signed by the Social Security Investment Fund (SSIF) and the Oman Investment Authority (OIA), with each side contributing an equal share of the capital.

According to an SSIF statement, carried by the Jordan News Agency, Petra, the partnership will focus on identifying and developing joint investment opportunities in key sectors, including telecommunications and information technology, agriculture and food industries, pharmaceuticals and medical equipment, energy, mining, tourism, and logistics.

The initiative seeks to strengthen economic ties between the two countries, encourage investment exchange, and generate added value through projects with strong economic and development potential, the statement said.

SSIF Chairman EzzedineKanakrieh was quoted in the statement as saying that the agreement represents a significant step in expanding Jordan’s investment partnerships at the regional and international levels.

He added that the joint company reflects a shared commitment by Jordan and Oman to building long-term investment cooperation based on financial resources, expertise, and support for productive projects.

Kanakrieh said that the partnership would also enhance collaboration between investment institutions in both countries and contribute to economic growth by targeting priority sectors, according to Petra.

Mulham bin Basheer Al Jarf, deputy president for investment at OIAsaid that the agreement builds on the longstanding relations between Jordan and Oman and reflects the two countries’ commitment to expanding economic cooperation and directing investments toward promising sectors.

The newly established company will serve as a platform for joint investments, supporting businesses and creating new growth opportunities by leveraging the economic strengths and competitive advantages of both countries, Petra said.

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