Hassana Investment Company (Hassana) has signed a memorandum of understanding (MoU) with EIG, a leading institutional investor in the global energy and infrastructure sectors, in order to collaborate on infrastructure and energy transition projects in the Middle East region.
As part of this initiative, Hassana is considering becoming an anchor investor with an allocation of up to $250 million in EIG’s targeted $1 billion dedicated regional fund.
This partnership aims to support the Kingdom of Saudi Arabia’s Vision 2030 goals and the broader regional shift toward cleaner, sustainable energy solutions, by fostering participation from international investors and boosting foreign direct investment.
R Blair Thomas Chairman & CEO EIG
“We had the pleasure of partnering with Hassana on the Pearl Pipelines project in the Kingdom of Saudi Arabia and now we look forward to taking our relationship to the next level. We believe energy transition is one of the defining investment themes of the next several decades and leading investors need to work together in an effort to deliver the reliable, affordable, and sustainable energy system that society requires. We are committed to doing exactly that.”
The MoU underscores EIG and Hassana’s commitment to expanding their local and regional infrastructure and energy transition investment portfolios.
Saad bin Abdulmohsen Al-Fadly, CEO of Hassana, said that, “Hassana is pleased to expand our partnership with EIG, a leader in the global energy and infrastructure sectors. This agreement reflects our shared commitment to support the growth of infrastructure investments and the facilitation of the energy transition in the Kingdom of Saudi Arabia and the rest of the region.”
“Hassana and EIG continue to make a difference in the energy scene of the Middle East. By deploying capital into innovative energy transition projects, we are endeavoring to build a sustainable future, boost the economy, and reinforce the region’s commitment to clean energy solutions for many years to come,” noted Abdulaziz Al-Gudaimi, Chairman of EIG’s MENA Operations.
