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SSIF signs memorandum with Meridiam Jordan to explore infrastructure investments

Social Security Investment Fund (SSIF) CEO Kholoud Saqqaf (centre) poses for a photo with Meridiam Jordan’s General Manager Jad Hreibe (third from left) and representatives from the SSIF and Meridiam Jordan (Photo courtesy of SSIF)
By JT | 00:43 July 9, 2019 |
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AMMAN — The Social Security Investment Fund (SSIF) signed a memorandum of understanding with Meridiam Jordan on Monday to explore potential investment opportunities in infrastructure projects.

SSIF CEO Kholoud Saqqaf said that the fund is keen to invest in infrastructure projects as they will increase the value of SSIF’s portfolio, while also developing the Kingdom’s infrastructure and creating new jobs for Jordanians.

Saqqaf affirmed that this kind of strategic partnership with high-profile international partners such as Meridiam, with its expertise in the global infrastructure market and conducting feasibility studies, as well as executing large-scale infrastructure projects will be a key pillar in attracting new investments to the Kingdom.

Saqqaf clarified that the fund will invest only in projects that are proven to be economically feasible based on the results of technical, financial and legal analysis, according to an SSIF statement.

Meridiam Jordan’s General Manager Jad Hreibe added that the memorandum would enhance the company’s expansion plan in Jordan along with its current investment in the International Airport Group.

Meridiam is specialised in sustainable development investments and currently has a 32 per cent stake in the International Airport Group, the statement read.

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