US private equity firm Warburg Pincus is expanding its presence in Saudi Arabia through a new agreement with Hassana Investment Co., enhancing their strategic partnership. This collaboration aims to identify and invest in high-growth sectors, leveraging both firms’ expertise.
US businesses are increasingly eyeing opportunities in Saudi Arabia, driven by growth in sectors such as energy, tourism, and healthcare. The Kingdom’s $7 trillion government spending plan for Vision 2030 projects presents significant potential for investment.
The memorandum of understanding was signed during a roundtable at the Ministry of Investment, attended by senior officials including the Assistant Minister and executives from both firms. Hani Al-Jehani of Hassana highlighted Warburg Pincus’s expertise in areas aligning with Saudi economic goals, emphasizing their decade-long partnership.
Al-Jehani expressed enthusiasm for exploring opportunities in Saudi Arabia, aligning with Vision 2030’s goals to create an attractive investment environment. Warburg Pincus CEO Jeffrey Perlman remarked on the promising investment opportunities in the Middle East, reinforcing their commitment to support growth in the Kingdom.
Hassana manages one of the largest global pension funds, focusing on long-term growth to secure future pensions for Saudi citizens. Warburg Pincus, with $86 billion in assets under management, oversees a diverse portfolio across various sectors and regions.
