Riyadh – Sharikat Mubasher: Global infrastructure investment firm I Squared Capital, which manages around $45 billion in assets, is set to open a new office in Riyadh later this year, according to its Chairman and Managing Partner, Sadek Wahba.

The Riyadh office will focus on tapping into opportunities across energy transition, digital innovation, infrastructure development, and financial markets, Wahba told Al Arabiya Business in an interview.

Wahba revealed that the firm plans to invest $1 billion in Saudi Arabia over the next three years. The investment will be split between foreign capital attraction and direct investment from I Squared itself. He noted the firm is currently evaluating 3 to 4 deals in the Kingdom, ranging from expansions of existing projects to entirely new ventures, with announcements expected soon.

Saudi Arabia’s attractiveness stems from its growing population, rising education levels, expanding infrastructure, and strong economic growth, all in line with Vision 2030. Wahba also highlighted the Kingdom’s need for high liquidity to finance its many megaprojects.

The new Riyadh office will also serve as a hub for managing commercial relations with the wider region, including the GCC, Egypt, North Africa, and India, where I Squared is already investing in a smart meter factory worth over $100 million.