PIF and I Squared Capital Sign MoU for Investment

Summary:

The Public Investment Fund (PIF) of Saudi Arabia and I Squared Capital have signed a Memorandum of Understanding (MoU) to invest up to $2 billion in PIF's real estate and infrastructure assets. This collaboration will focus on digital infrastructure and district cooling, with I Squared targeting $1 billion in each area. The MoU aligns with PIF’s strategic goals for 2026-2030, enhancing project delivery and attracting third-party capital. PIF aims to leverage its capabilities alongside I Squared’s expertise to drive sustainable value and returns in Saudi Arabia's infrastructure sector.