Riyadh – Sharikar Mubasher: The Public Investment Fund (PIF) and Macquarie Asset Management (MAM) announced signing a Memorandum of Understanding to explore joint investments in infrastructure and energy transition projects, including digital infrastructure, electric vehicle networks, and energy storage.

As part of the agreement, MAM plans to open a regional office in Riyadh, further strengthening PIF’s strategy to localize expertise and attract global investors to Saudi Arabia, according to a joint press release by the two sides.

PIF, with nearly $925 billion in assets under management, continues to drive economic diversification under Vision 2030. MAM, one of the world’s largest infrastructure asset managers with $600 billion in client assets, brings more than 30 years of global experience across 175 portfolio companies.

The partnership builds on PIF’s collaboration with the National Infrastructure Fund and aims to accelerate the delivery of critical infrastructure while promoting knowledge transfer and talent development in the Kingdom.

The non-binding MoU remains subject to regulatory and internal approvals.