Cooperation between the Public Investment Fund and Macarius in infrastructure and energy transformation

The Public Investment Fund and the Macquari Asset Management Company today signed a memorandum of understanding to enhance investment and cooperation in priority strategic sectors and industries, support international institutional investment in the Kingdom’s economy, and contribute to continuing the development of the local asset management sector." target ="_Blank"> Public Investment Fund and Macquari joint investment opportunities in sectors Infrastructure and transformation in the field of energy, with a focus on priority areas, such as digital infrastructure, electrical infrastructure and energy storage." target ="_Blank"> The Fund to enhance resettlement and build partnerships with major international investors and operators, and the Macquari Asset Management Company will seek – according to the memo – to open a regional office in Riyadh. By achieving sustainable returns and diversifying the economy in the Kingdom. Between the Public Investment Fund and the National Infrastructure Fund (Infra) in the Kingdom on the one hand, and between the National Infrastructure Fund (Infra), the Macquari Company and other large international investors on the other hand, with the aim of accelerating and enabling the implementation of infrastructure projects and transformation in the field of energy. Public investments: "The Memorandum of Understanding with Macquarie is an important step in the framework of our efforts to attract the most prominent global asset managers in the infrastructure sector, and to benefit from their ability to provide global investments and expertise required to accelerate the implementation of local infrastructure projects, and to enhance the transfer of knowledge and capacity building in the Kingdom"
added: "Cooperation with Macquarie also confirms the extent of the Fund’s commitment to building international partnerships that contribute to advancing growth and development in local markets". "We are enthusiastic about the opportunities provided by the economic transformation in the Kingdom of Saudi Arabia, and we aim, through enhancing our relationship with the Public Investment Fund, exploring cooperation opportunities in a number of major sectors in the field of infrastructure and transformation in the field of energy"
added: "We look forward to providing our global experience in developing, expanding and managing transformational projects, by exchanging experiences on best practices and developing local talents, and we see great potential to provide global level projects that support future development of the Kingdom, through our concerted experiences with the ambitious vision of the Kingdom"
The memorandum of understanding is in line with the strategic partnerships series held by the Public Investment Fund through its investments in the Middle East and North Africa, with the aim of benefiting from investment opportunities and launching strategies in the local and regional markets. And consolidating the Kingdom’s position as a global investment center, while enhancing economic diversification and sustainable growth.