Saudi Arabia’s investment scene is witnessing significant developments as Hassana Investment Company forms major partnerships with EIG and Brookfield Asset Management. These collaborations emphasize commitments to energy transition and private equity investments in the region.
Hassana, managing over $320 billion as the investment arm of Saudi Arabia’s General Organization for Social Insurance, is considering a notable investment of up to $250 million in EIG’s targeted $1 billion regional fund. Additionally, they are exploring a $500 million commitment to Brookfield’s new Middle East Partners fund.
Energy Transition with EIG
EIG, based in Washington, D.C., manages $24.9 billion and focuses on infrastructure and energy transition projects. Over 42 years, EIG has invested more than $48.6 billion in 414 energy projects across 44 countries. CEO R. Blair Thomas highlighted the importance of collaborative investments for a sustainable energy future.
Brookfield’s Private Equity Initiative
Brookfield’s Middle East Partners fund, launched after an agreement with Saudi Arabia’s Public Investment Fund, targets buyouts and investments in industrials, technology, and healthcare, with half its capital for Saudi projects. Brookfield has committed $500 million to this initiative, aligning with its long-term investment strategy.
Hassana’s CEO, Saad bin Abdulmohsen Al-Fadly, expressed enthusiasm for partnering with EIG and Brookfield, citing alignment with their long-term value creation goals. Brookfield CEO Bruce Flatt echoed this sentiment, emphasizing their commitment to expanding private equity investments in the region.
These partnerships support Saudi Arabia’s Vision 2030, aiming to boost international investment and enhance foreign direct investment. They follow Hassana’s earlier $1.5 billion strategic partnership with TPG Rise Climate platform, underscoring the Kingdom’s growing influence in global investments.
