Future Investment Collaboration: PIF and Macquarie Team Up
The Public Investment Fund (PIF) of Saudi Arabia and Macquarie Asset Management have signed a memorandum of understanding (MoU) to explore investment opportunities within the Kingdom. This collaboration targets infrastructure and energy transition sectors, with Macquarie planning to establish a regional office in Riyadh.
The Saudi Public Investment Fund and Macquarie Asset Management have inked a memorandum of understanding aimed at boosting investment prospects across Saudi Arabia, according to a statement released.
As part of the agreement, Macquarie intends to establish a presence in Riyadh by opening a regional office.
This strategic partnership will focus on exploring investment opportunities within key sectors such as infrastructure and energy transition, underscoring a strong commitment to Saudi Arabia's economic diversification efforts.
(With inputs from agencies.)
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