Saudi Arabia's Public Investment Fund (PIF) and global infrastructure investment firm I Squared Capital have signed a Memorandum of Understanding (MoU) to explore investment opportunities worth up to $2 billion in infrastructure projects. The agreement reflects both organizations' commitment to supporting long-term economic growth through strategic investments in critical infrastructure.
The partnership will focus on a range of sectors, including transportation, energy, utilities, digital infrastructure, and social infrastructure, with the aim of identifying high-quality assets that offer sustainable, long-term returns. The investments may target projects in Saudi Arabia as well as international markets.
The agreement aligns with Saudi Vision 2030, which seeks to diversify the Kingdom's economy, expand private-sector participation, and attract foreign investment. As one of the world's largest sovereign wealth funds, PIF continues to strengthen partnerships with leading global investment firms to support major infrastructure developments and accelerate economic transformation.
For I Squared Capital, a global infrastructure investor managing assets across multiple regions, the MoU provides an opportunity to collaborate with PIF on large-scale projects while leveraging its expertise in developing and managing essential infrastructure assets. The partnership is expected to support investment opportunities that contribute to sustainable development and long-term value creation.
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