The Arab Energy Fund and real assets manager Stonepeak have entered a $1bn partnership to invest in energy infrastructure across the Middle East.
Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, said: 鈥淭his strategic alliance marks a defining step in our mission to mobilise global capital into the region鈥檚 evolving energy landscape.
鈥淲ith Stonepeak as a partner, we aim to accelerate the development of resilient, future-ready energy platforms that contribute to economic growth and energy security across the Middle East.鈥�
Maheur Mourali, CIO of The Arab Energy Fund, said: 鈥淭his partnership reinforces our long-term strategy to back high-quality energy assets in collaboration with experienced global investors.
鈥淪tonepeak brings world-class expertise and alignment with our vision to deliver both impact and value through disciplined investment in essential infrastructure.鈥�
Mike Dorrell, CEO, chairman, and co-founder of Stonepeak, said: 鈥淭he Middle East has made energy diversification a key priority, with Saudi Arabia and other nations throughout the region setting ambitious targets.
鈥淲e are thrilled to be partnering with The Arab Energy Fund to build and create businesses in the region focused on this mission-critical sector.鈥�
Hajir Naghdy, senior MD and head of Asia and the Middle East at Stonepeak, said: 鈥淭his partnership will support the continued growth and evolution of the region鈥檚 energy sector.
鈥淲ith our local presence in the region and deep expertise in the global energy sector, Stonepeak is well-positioned to contribute meaningfully to this exciting partnership.鈥�
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