The Arab Energy Fund Partners with Stonepeak for $1 Billion Energy Infrastructure Initiative
Deal News | May 19, 2025 | Stonepeak
The Arab Energy Fund, a multilateral impact financial institution, has entered into a strategic partnership with Stonepeak, a U.S.-based infrastructure investment firm, to invest $1 billion in energy infrastructure projects across the Middle East. This alliance aims to develop resilient energy platforms that contribute to economic growth and energy security in the region. With a focus on critical energy infrastructure, the partnership seeks to mobilize global capital and support the diversification efforts of Middle Eastern countries. Stonepeak's expertise in the global energy sector is expected to play a significant role in advancing the energy landscape in the region, aligning with the ambitious energy diversification targets of countries like Saudi Arabia. This partnership represents a strategic step for both entities to back high-quality energy assets and promises a significant impact on the region's evolving energy infrastructure needs.
Sectors
- Energy Infrastructure
- Alternative Investment
Geography
- Middle East – The article discusses energy infrastructure initiatives specifically targeting the Middle Eastern region where energy diversification is a key priority.
- United States – Stonepeak, the partnering firm, is a New York-based global infrastructure and investment firm, indicating the importance of U.S. investment in regional projects.
Industry
- Energy Infrastructure – The article focuses on energy infrastructure, with specific emphasis on developing critical energy platforms in the Middle East, a region prioritizing diversification and growth in the energy sector.
- Alternative Investment – Stonepeak, an alternative investment firm specializing in infrastructure and real assets, is a key player in the partnership, showcasing the role of alternative investments in regional energy projects.
Financials
- 1 Billion USD – The total investment sum of the strategic partnership between The Arab Energy Fund and Stonepeak.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Arab Energy Fund | Partner | Company | A multilateral impact financial institution focused on the MENA energy sector, historically known as APICORP. |
| Stonepeak | Partner | Company | A leading U.S.-based alternative investment firm specializing in infrastructure and real assets. |
| Khalid Ali Al-Ruwaigh | Chief Executive Officer | Person | CEO of The Arab Energy Fund, responsible for the strategic direction of the fund. |
| Maheur Mourali | Chief Investment Officer | Person | CIO at The Arab Energy Fund, overseeing investments and strategic partnerships. |
| Mike Dorrell | CEO, Chairman, and Co-Founder | Person | CEO and chairman of Stonepeak, leading the firm's investment strategies. |
| Hajir Naghdy | Senior Managing Director and Head of Asia and the Middle East | Person | Senior Managing Director at Stonepeak with a focus on Asia and Middle East markets. |
| Zara Siddiqui | Contact | Person | Communication contact for The Arab Energy Fund. |