Infra and Macquarie Asset Management Sign MoU to Boost Institutional and Foreign Investment in Saudi Arabia’s Infrastructure Sector
Infra and Macquarie sign an MoU to boost institutional and foreign investment in Saudi infrastructure, with a focus on energy transition and expanding innovative financing.
February 12, 2024
The National Infrastructure Fund (Infra) and Macquarie Asset Management have signed a Memorandum of Understanding aimed at increasing institutional and foreign investment in the Kingdom’s rapidly growing infrastructure market.
Infra expressed its enthusiasm for collaborating with Macquarie, the world’s largest infrastructure asset manager, to explore investment opportunities and expand Infra's suite of innovative financing solutions. The partnership will place particular emphasis on supporting the Kingdom’s ambitious energy transition goals.
The MoU was signed in Riyadh by Infra CEO Esmail Alsallom and Macquarie Asset Management’s Global Head of Green Investments Mark Dooley, with Dr. Stephen P. Groff, Governor of the National Development Fund (NDF), presiding.
Key Quotes:
- Dr. Stephen P. Groff, NDF Governor: “Infra’s collaboration with Macquarie and its global network is an important step in expanding long-term institutional investment across the Kingdom’s infrastructure sector.”
- Esmail Alsallom, CEO of Infra: “The MoU marks an exciting step in strengthening Infra's innovative approach. We are working with Macquarie to advance the evolution of the Kingdom’s infrastructure market and accelerate the energy transition.”
- Ben Way, Group Head, Macquarie Asset Management: “We are delighted to partner with Infra to deliver world-class infrastructure that supports the Kingdom’s dynamic economy and future-focused ambitions.”
- Mark Dooley, Global Head of Green Investments, Macquarie Asset Management: “This is a very exciting time, and we are honored to contribute to the transformative initiatives underway in the Kingdom.”
Infra expressed its enthusiasm for collaborating with Macquarie, the world’s largest infrastructure asset manager, to explore investment opportunities and expand Infra's suite of innovative financing solutions. The partnership will place particular emphasis on supporting the Kingdom’s ambitious energy transition goals.
The MoU was signed in Riyadh by Infra CEO Esmail Alsallom and Macquarie Asset Management’s Global Head of Green Investments Mark Dooley, with Dr. Stephen P. Groff, Governor of the National Development Fund (NDF), presiding.
Key Quotes:
- Dr. Stephen P. Groff, NDF Governor: “Infra’s collaboration with Macquarie and its global network is an important step in expanding long-term institutional investment across the Kingdom’s infrastructure sector.”
- Esmail Alsallom, CEO of Infra: “The MoU marks an exciting step in strengthening Infra's innovative approach. We are working with Macquarie to advance the evolution of the Kingdom’s infrastructure market and accelerate the energy transition.”
- Ben Way, Group Head, Macquarie Asset Management: “We are delighted to partner with Infra to deliver world-class infrastructure that supports the Kingdom’s dynamic economy and future-focused ambitions.”
- Mark Dooley, Global Head of Green Investments, Macquarie Asset Management: “This is a very exciting time, and we are honored to contribute to the transformative initiatives underway in the Kingdom.”