Riyadh – Sharikat Mubasher: I Squared Capital plans to complete $1 billion in regional infrastructure investments over the next three years, starting with $300 million in Saudi Arabia in early 2026.

In an interview with Al Arabiya Business, Sadek Wahba, the firm’s Chairman and Managing Partner, described Saudi Arabia as “by far the most attractive market in the region.” He confirmed that the company’s previously announced regional infrastructure investment strategy remains on track and has evolved significantly over the past six months.

Wahba added: “We announced a $1 billion target in April, and we are on the right path. The first investments will be announced at the beginning of next year, covering sectors such as solar energy and data centers, not only in Saudi Arabia but across the region.”

I Squared Capital is also launching a dedicated infrastructure fund, which will officially start operations at the beginning of 2026 and already includes anchor investors. Wahba unveiled that the fund has signed memoranda of understanding with the Saudi Public Investment Fund and the Arab Energy Fund, while negotiations continue with other investors. Half of the fund’s targeted $1 billion investments will be allocated to Saudi Arabia.

The company is currently negotiating projects in renewable energy, data centers, logistics, and fiber optic cables, with some deals expected to be signed in January 2026, totaling around $300 million in Saudi Arabia alone.

Highlighting Saudi Arabia’s investment appeal, Wahba cited the country’s large market of over 35 million people, extensive investment programs, and high energy consumption. He added that I Squared Capital plans to open a new office in Riyadh in 2026 to support infrastructure, data center, and renewable energy investments, working in coordination with its offices in India, Singapore, and London to bring expertise and technology to the Kingdom.