en.Wedoany.com Reported - The Saudi Public Investment Fund (PIF) and I Squared Capital, a global independent infrastructure investment manager, have signed a Memorandum of Understanding. Under the MoU, I Squared will deploy up to $20 billion in real estate and infrastructure assets owned by PIF and its portfolio companies.

PIF, Saudi Arabia's sovereign wealth fund, has invested in numerous technology and digital infrastructure projects, including HUMAIN, and has signed several agreements and partnerships with international hyperscalers to develop artificial intelligence hubs and sovereign cloud services. I Squared's portfolio spans energy infrastructure, utilities, transport and logistics, digital infrastructure, and social and environmental infrastructure.

PIF and I Squared will work closely with PIF portfolio companies to identify opportunities in digital infrastructure and district cooling, both key enablers of the real estate sector. I Squared plans to invest up to $10 billion in each area, with the option to expand into other related business themes.

Saad Alkroud, Head of Local Real Estate Investments at PIF, stated that PIF is currently offering an unprecedented pipeline of real estate and infrastructure projects globally, which continues to attract leading investors, fostering sustainable value creation and generating commercially attractive returns. This MoU combines PIF's capabilities, scale, and ecosystem with I Squared's operational expertise and proven track record in the infrastructure sector.

Sadek Wahba, Chairman and Managing Partner of I Squared Capital, said that through this MoU, the two parties move from collaboration to action, sharing a strong belief that the infrastructure story of PIF and Saudi Arabia is one of the most compelling in the world, and looks forward to contributing global expertise in Saudi Arabia alongside PIF.

The MoU aligns with PIF's 2026-2030 strategic objectives to collaborate with global investors in seeking opportunities within its portfolio and maximize the value of PIF portfolio companies. This partnership is expected to further accelerate project delivery and increase third-party capital contributions to opportunities within the portfolio. Transactions following the recently announced non-binding MoU will be subject to further evaluation by the parties and satisfaction of regulatory requirements.