Hassana Investment Company (Hassana) and EIG, a leading global energy and infrastructure investor, have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East. The partnership will leverage EIG’s targeted $1 billion regional fund, with Hassana considering becoming an anchor investor with up to $250 million.
The MoU highlights a shared commitment to enhancing local and regional investments in infrastructure and sustainable energy. By encouraging international investor participation and boosting foreign direct investment, this collaboration aims to support Saudi Arabia’s Vision 2030 goals and the region’s broader transition to cleaner energy solutions.
The agreement was signed by Saad bin Abdulmohsen Al-Fadly, CEO of Hassana, and R. Blair Thomas, Chairman and CEO of EIG.
“Hassana is pleased to deepen our partnership with EIG,” said Al-Fadly. “This collaboration aligns with our mutual goal to advance infrastructure growth and energy transition in Saudi Arabia and the broader region.”
Thomas added, “Having successfully partnered with Hassana on the Pearl Pipelines project, we are excited to strengthen our relationship. The energy transition will be a defining investment theme for decades, and we are committed to working together to deliver a sustainable and reliable energy system.”
Abdulaziz Al-Gudaimi, Chairman of EIG’s MENA Operations, emphasized the impact of the partnership: “By investing in innovative energy projects, Hassana and EIG are helping to build a sustainable future, boost economic growth, and reinforce the region’s commitment to clean energy.”
