The National Infrastructure Fund (Infra) has signed a cooperation agreement with the International Finance Corporation (IFC), aiming to offer joint advisory services for infrastructure transactions in Saudi Arabia.
The signing ceremony was held in the presence of Minister of Economy and Planning Faisal Alibrahim, Chairman of the National Infrastructure Fund, and IFC Managing Director Makhtar Diop. Under the agreement, they will harness the two institutions’ complementary expertise, with an emphasis on greenfield, brownfield, and capital markets transactions.
The partnership is set to offer structuring and transaction advice to boost private sector participation in Saudi Arabia’s evolving infrastructure market, across various sectors such as energy and energy transition, water, transport and logistics, waste management, health and education, and communications and digital infrastructure.
This move will also strengthen Infra’s ability to integrate advisory services with its strategic financing capabilities, enhancing outcomes for high-priority infrastructure needs. The collaboration will tap into IFC’s global experience and pioneering financing strategies across multiple sectors.
Makhtar Diop Managing Director – IFC
“With this agreement, we reaffirm our commitment to supporting Saudi Arabia’s Vision 2030, which aims to increase private sector participation and diversify the economy. This sends a strong signal to the global business community to invest in transformative infrastructure projects in the Kingdom. Private sector engagement can unlock a new era of growth and prosperity for Saudi Arabia, and at IFC, we want to make that happen.”
Eng. Esmail Alsallom, Infra CEO, commented that, “Our partnership with IFC is an important step in expanding Infra’s offerings. The integration of advisory services with Infra’s flexible financing solutions will play a key role in increasing opportunities for institutional and foreign investment. We are delighted to be partnering with IFC to boost private sector investment, which is crucial to the success of Saudi Arabia’s transformative Vision 2030 agenda”.
