Source link : https://asia-news.biz/asia/saudi-arabia/macquarie-seeks-to-set-up-base-in-saudi-arabia-after-preliminary-deal-with-pif-marketscreener/
Macquarie Group, the global investment powerhouse, is poised to establish a strategic foothold in Saudi Arabia following a preliminary agreement with the Public Investment Fund (PIF), the kingdom’s sovereign wealth fund. This move underscores Macquarie’s intent to deepen its presence in the Middle East’s rapidly expanding financial landscape as Saudi Arabia accelerates efforts to diversify its economy under Vision 2030. The initial deal signals a significant step in fostering collaboration between one of Australia’s leading financial institutions and the ambitious economic agenda of the PIF, potentially unlocking new investment opportunities across key sectors.
Macquarie Moves to Establish Presence in Saudi Arabia Following Preliminary Agreement with PIF
Macquarie Group is advancing its international expansion strategy through a significant move into the Saudi Arabian market. Following a preliminary agreement with the Public Investment Fund (PIF), the Australian financial giant aims to establish a tangible footprint within the kingdom. This step aligns with Saudi Arabia’s ongoing efforts to diversify its economy under Vision 2030, attracting global investors and financial leaders to help build new sectors beyond oil. Macquarie’s anticipated presence is expected to enhance local infrastructure financing, asset management, and advisory services.
Key highlights of Macquarie’s proposed entry include:
- Joint ventures focusing on sustainable energy…
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Author : Sophia Davis
Publish date : 2025-09-08 18:28:00
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