(MENAFN) The General Organization for Social Insurance (GOSI) announced that the value of its domestic investments has exceeded USD14.37 billion in 2014, which were circulated in nearly 68 companies, Arab News reported.
The organization said that its investments were distributed in six sectors including banking, industry, retail and real estate, telecommunications, cement, and insurance sectors, with banking sector capturing the biggest portion of the GOSI investments valued at USD5.19 billion, or 35.9 percent of the overall investments.
The industrial sector was the second highest sector in which GOSI invested in, with the value of their investments reaching USD5.08 billion, or 35.1 percent, distributed in 14 industrial projects, followed by the telecom sector, which captured 12.9 percent of the GOSI domestic investments valued at USD1.87 billion in two companies.
Those sectors were followed by the retail and real estate sector took 8.7 percent of the GOSI investments valued at USD1.26 billion and the cement sector, in which GOSI invested USD 931.86 million or 6.5 percent in 6 cement plants.
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