US private equity firm Warburg Pincus has entered into a partnership with Hassana Investment Co. to explore investment opportunities in Saudi Arabia. The collaboration aims to boost investments in high-growth sectors across various asset classes, aligning with the Kingdom’s Vision 2030 goals.
The agreement reflects a strategic partnership between the two firms, with a focus on identifying and executing investments that contribute to Saudi Arabia’s long-term economic growth. Warburg Pincus, which has significant expertise across different industries, will leverage its knowledge along with Hassana’s local market insights to explore opportunities in energy, tourism, and healthcare—sectors that are witnessing significant expansion in Saudi Arabia.
This partnership comes at a time when many US companies are looking to tap into Saudi Arabia’s growing economy. The Kingdom’s Vision 2030 projects are expected to involve $7 trillion in government spending, offering substantial potential for foreign investments. As a result, Saudi Arabia is becoming an attractive destination for investors worldwide.
The agreement was formalized during a roundtable discussion at the Ministry of Investment in Saudi Arabia. The event included key stakeholders, such as the Assistant Minister of Investment, the Chief Investment Officer for Regional Markets at Hassana, and the CEO of Warburg Pincus.
Hani Al-Jehani, Chief Investment Officer for International Markets at Hassana, expressed enthusiasm about extending the decade-long partnership with Warburg Pincus to explore investment opportunities within Saudi Arabia. He emphasized that Warburg Pincus’s expertise aligns well with the Kingdom’s economic transformation goals, particularly in sectors that support Vision 2030.
Jeffrey Perlman, CEO of Warburg Pincus, highlighted the firm’s commitment to supporting growth in Saudi Arabia. He noted that the partnership deepens the relationship between the two companies, enabling them to identify investment opportunities that will help foster growth in the Kingdom.
Hassana Investment Co., the investment manager for Saudi Arabia’s General Organization for Social Insurance, oversees over SR1.2 trillion ($300 billion) in assets, focusing on long-term growth strategies. Warburg Pincus, founded in 1966, has $86 billion in assets under management and more than 230 active portfolio companies across various sectors.
