The Arab Energy Fund (formerly APICORP), a leading multilateral impact financial institution focused on the MENA energy sector, and Stonepeak, the world’s largest independent infrastructure firm and leading US infrastructure investor, have entered into a strategic partnership to invest $1 billion in energy infrastructure across the Middle East.
The partnership will primarily focus on businesses in the energy sector, supporting efforts to build critical infrastructure in the region.
Khalid Ali Al-Ruwaigh, CEO of the Arab Energy Fund said that this strategic alliance marks a defining step in their mission to mobilise global capital into the region’s evolving energy landscape.
“With 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,” he said.
Reinforcing Long-Term Strategy
Maheur Mourali, Chief Investment Officer of the Arab Energy Fund, said that this partnership reinforced their long-term strategy to back the high-quality energy assets in collaboration with experienced global investors.
“Stonepeak brings world-class expertise and alignment with our vision to deliver both impact and value through disciplined investment in essential infrastructure.”
Mike Dorrell, CEO, Chairman, and Co-Founder of Stonepeak, said that the Middle East has made energy diversification a key priority, with Saudi Arabia and other nations throughout the region setting ambitious targets and they were thrilled to be partnering with The Arab Energy Fund to build and create businesses in the region focused on this mission-critical sector.
“This partnership will support the continued growth and evolution of the region’s energy sector,” added Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak. “With 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.”
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