The Oman Investment Authority and the Jordanian Social Security Investment Fund signed an agreement to establish the Omani-Jordanian Investment Company worth RO38.5 million, signaling the start of a new phase of joint investment cooperation between the two countries, and strengthening the deep-rooted historical ties and growing economic relations between them.

The company was established jointly by the two sides to invest in a number of vital and promising sectors that serve the economic priorities of the two countries. These sectors include communications and information technology, agricultural wealth and food, medical equipment and medicine, energy, mining, tourism, and logistics services, which contributes to enhancing economic diversification, stimulating local markets, and achieving added value that supports the growth and integration of companies in both countries.

This strategic partnership comes as an extension of the agency’s approach to enhancing the geographical and sectoral diversity of its investment portfolio, which serves as a strategic tool for protecting assets, distributing risks, and building investment platforms that ensure the sustainability of economic returns and capital flows.

HE Mulham bin Bashir Al-Jarf, Vice President of the Oman Investment Authority, said that the Oman-Jordan strategic partnership represents a prominent milestone in the course of bilateral relations, as it translates the directives of the leadership of the two countries into projects that enhance the economic aspects, and is based on a legacy of cooperation and exchange of experiences, and investment in promising projects with a sustainable economic and developmental impact that enhances the common interests of the two countries.

His Excellency affirmed that this partnership enhances the agency’s role in implementing economic diplomacy, as it works to deepen cooperation with partners in sister countries, which contributes to directing investments towards priority sectors and enhances the geographical and sectoral diversity of the agency’s portfolio.

For his part, Dr. Ezz El-Din Kanakrieh, Chairman of the Social Security Investment Fund, said that this agreement represents a strategic step in the cooperation between the Fund and the Oman Investment Authority, as it embodies a shared vision based on employing capital and institutional expertise to develop economically viable investments in priority sectors. The agreement comes as an extension of the Fund’s approach to expanding its presence at the regional and international levels.

The agreement establishes a new phase of joint investment work based on governance and efficiency, following the Authority’s partnerships with Qatar, Turkey, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan, and Belarus. It also underscores the Oman Investment Authority’s commitment to enhancing the Sultanate of Oman’s position as a regional hub for quality investments and a driver of sustainable economic growth, through building long-term partnerships that contribute to knowledge transfer, attract capital, and strengthen the competitiveness of the Omani economy across its various sectors