I Squared Capital to pursue deployment of up to US$ 2 billion in Saudi digital infrastructure and district cooling
- PIF and I Squared Capital signed a Memorandum of Understanding for I Squared to pursue deployment of up to US$ 2 billion in real estate and infrastructure assets owned by PIF and its portfolio companies.
- PIF and I Squared will work with PIF portfolio companies to identify opportunities in digital infrastructure and district cooling, which they describe as critical enablers of the real estate sector.
- I Squared will target allocating up to US$ 1 billion in each of these areas, with the option to scale across additional related business themes.
- PIF said the MoU brings together PIF’s capabilities, scale and ecosystems with I Squared’s operational expertise; the MoU aligns with PIF’s 2026-2030 strategic objectives and transactions will be subject to further assessment and regulatory requirements.
W.Media · 2026-07-14