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PIF, BlackRock sign MoU to explore infrastructure investments in Saudi, MENA

The project package includes energy, utilities, water, environment
PIF, BlackRock sign MoU to explore infrastructure investments in Saudi, MENA
BlackRock and Saudi wealth fund PIF sign an MoU (Image credit: Saudi PIF)

The Saudi Public Investment Fund (PIF) announced today the signing of a non-binding memorandum of understanding (MoU) with US investment company BlackRock to consolidate the company’s Middle East infrastructure strategy and to develop a framework for cooperation to explore investment opportunities in Middle Eastern infrastructure projects, with a primary focus on the Kingdom.

Read more: Saudi’s PIF plans to invest SAR 90 bn in key sectors

BlackRock will support this initiative by establishing a dedicated infrastructure investment team in Riyadh to expand its investment portfolio across the Middle East.

The targeted project package includes a number of sectors such as energy, utilities, water, environment, transportation, communications, and social infrastructure.

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