The Senate’s Agriculture and Water Committee on Wednesday discussed with Social Security Investment Fund (SSIF) CEO Kholoud Saqqaf and Chairman of Daman Company for Investment and Agricultural Industries, Shadi Majali, the fund’s agricultural investment in the southern Mudawara region.
Speaking at the meeting, the committee’s head, Akef Zoubi, said conditions for the project’s success should be met to face high risks of agricultural investment, especially in relation to feasibility study, crops production, availability of the necessary administrative and technical expertise, and focus on export crops and grain and fodder cultivation.
Saqqaf, for her part, said the project’s management is run by Daman Company for Investment and Agricultural Industries, wholly owned by the Social Security Corporation (SSC), which was established by the SSIF at the end of 2020, adding agricultural project in Mudawara area will contribute to meeting part of the local consumption need of strategic agricultural crops.
The project’s management and implementation depends on Jordanian expertise and competencies available of SSIF’s Daman Company, in addition to partnership with local investors in the agricultural sector, without competition for small farmers, she noted.
The project, she said, was based on the results of economic feasibility studies to ensure a feasible return within acceptable risk levels and in accordance with the SSIF’s investment policy.
The project’s first phase included infrastructure and construction development works and the cultivation of about 6,000 dunums, mostly wheat, barley and animal fodder, she pointed out.
Source: Jordan News Agency