PIF, Macquarie Asset Management Sign MoU to Advance Infrastructure and Energy Transition Investments

📷PIF

Riyadh, September 8, 2025 (Saudi Arabia Breaking News) – The Public Investment Fund (PIF) and Macquarie Asset Management (MAM) announced the signing of a memorandum of understanding (MoU) to strengthen collaboration in infrastructure, energy transition, and asset management, while supporting foreign institutional investment in Saudi Arabia’s economy, the Saudi Press Agency (SPA) reported.

Under the agreement, the two entities will explore potential joint investments in sectors such as digital infrastructure, electric vehicle infrastructure, and energy storage. MAM also intends to establish a regional office in Riyadh, reinforcing PIF’s strategy to localize partnerships with leading global investors and operators.

PIF, one of the world’s most influential sovereign wealth funds with approximately $925 billion in assets under management, plays a central role in generating sustainable financial returns while advancing Saudi Arabia’s economic diversification. MAM, a global infrastructure asset manager with more than $600 billion in client assets and 30 years of experience, oversees over 175 portfolio companies across various industries.

The MoU complements ongoing cooperation between PIF, the National Infrastructure Fund (Infra), and international investors to accelerate the delivery of infrastructure and energy transition projects.

Yazeed Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said: “This MoU with MAM marks a significant milestone in attracting leading international infrastructure asset managers that can bring global capital and expertise to accelerate the delivery of Saudi Arabia’s infrastructure pipeline, while promoting knowledge sharing and capacity building in Saudi Arabia.”

Ben Way, Global Head of MAM, added: “We are excited by the opportunities presented by Saudi Arabia’s economic transformation, and by furthering our relationship with PIF. We aim to explore collaboration in infrastructure and energy transition, and we look forward to sharing our global experience in scaling transformative projects while developing local talent.”

The non-binding MoU remains subject to regulatory and internal approvals.