Bonds account for 56.2% of assets, compared to 21.3% for equities and 11.5% for money market instruments, while the remaining percentage is distributed among real estate, loans, tourism investments, and others. This distribution provides an important base for periodic income and liquidity.
The shift in the Fund's trends is highlighted by the expansion into a group of major strategic projects. In the transport sector, the Fund owns a 7% stake in the Aqaba-Shidiya-Ma'an railway project company, which aims to develop the transport of phosphate and potash, increase supply chain efficiency, and reduce transport costs, thereby enhancing export competitiveness.
In the water sector, the Fund is participating with a 15% stake in the National Water Carrier project through the National Water Investment Company, in addition to completing the procedures for its direct contribution to financing the project through a consortium of Jordanian commercial banks. In the energy sector, the Fund contributes 20% to the equity of the Combined Cycle Power Plant (IPP7) project company, supporting electricity generation capacities. In the mining and manufacturing sector, the Fund is working to complete the procedures for acquiring a 20% stake in the project company for establishing a pure phosphoric acid production plant, in partnership between the Jordan Phosphate Mines Company and the Arab Potash Company, supporting the deepening of local manufacturing and increasing the value-added of natural resources.
Economically, these projects reflect a transition towards long-term investments linked to vital sectors, which can achieve benefits that go beyond direct financial return to increasing productivity, reducing costs, and enhancing job opportunities. However, their success depends on adherence to feasibility studies, cost control, financing and implementation risk management, and ensuring a return commensurate with the level of risk. The strategic importance of a project does not negate the necessity of protecting the funds of subscribers and retirees; rather, it makes independent evaluation, governance, and disclosure even more important.
Reaching 20 billion dinars in assets is an important achievement, but it is not the final criterion for success. True success is transforming this wealth into sustainable returns and productive investments that raise the efficiency of the Jordanian economy without exposing the rights of future generations to uncalculated risks. Social Security funds are not just a large investment portfolio, but an economic and social trust that requires the highest levels of governance and investment discipline.
