Hassana and EIG join forces for energy transition

A small plant growing inside a lightbulb placed on soil

This MoU highlights Hassana and EIG’s shared vision to expand investments in regional infrastructure. (Image source: Canva)

Hassana Investment Company has signed an MoU with EIG, a prominent global investor in the energy and infrastructure sectors, to advance infrastructure and energy transition projects across the Middle East.

The collaboration will leverage EIG’s dedicated US$1bn regional fund, with Hassana considering an anchor investment of up to US$250mn.

This MoU highlights Hassana and EIG’s shared vision to expand investments in regional infrastructure and sustainable energy. By encouraging international investor participation and driving foreign direct investment, the partnership aligns with Saudi Arabia’s Vision 2030 objectives, as well as the wider regional push towards sustainable energy solutions.

The agreement was formalised by Saad bin Abdulmohsen Al-Fadly, CEO of Hassana, and R. Blair Thomas, chairman and CEO of EIG.

Mr. Al-Fadly said, “Hassana is pleased to expand our partnership with EIG, a leader in the global energy and infrastructure sectors. This agreement reflects our shared commitment to support the growth of infrastructure investments and the facilitation of the energy transition in the Kingdom of Saudi Arabia and the rest of the region.”

Mr. Thomas commented, “We had the pleasure of partnering with Hassana on the Pearl Pipelines project in the Kingdom of Saudi Arabia and now we look forward to taking our relationship to the next level.”

He added, “We believe energy transition is one of the defining investment themes of the next several decades and leading investors need to work together in an effort to deliver the reliable, affordable, and sustainable energy system that society requires. We are committed to doing exactly that.”

Abdulaziz Al-Gudaimi, chairman of EIG’s MENA Operations, said “Hassana and EIG continue to make a difference in the energy scene of the Middle East. By deploying capital into innovative energy transition projects, we are endeavoring to build a sustainable future, boost the economy, and reinforce the region's commitment to clean energy solutions for many years to come.”