Investcorp in talks with PIF to explore airport investments in Saudi Arabia

Yusef Al Yusef, Global Head of Distribution at Investcorp

Yusef Al Yusef, Global Head of Distribution at Investcorp, revealed that the company is in discussions with Saudi Arabia’s Public Investment Fund (PIF) to explore investment opportunities in the Kingdom’s airports, Yusef Al Yusef, Global Head of Distribution, said.

He affirmed the company’s openness to all projects in the transport and aviation sectors.

In an interview with Asharq News today, Oct. 28, Al Yusef said Investcorp is gearing up to announce a deal to develop a major regional airport in the US, adding that the company’s infrastructure investments are primarily concentrated in OECD countries.

During the conference, Investcorp will unveil a new global infrastructure investment platform, focusing on transportation sectors, including airports, roads, and ports, and expanding on its existing infrastructure portfolio in the GCC region.

Infrastructure investments currently make up around 9% of Investcorp’s total assets under management. The company plans to raise that share to about 20% in the coming years, Al Yusef elaborated.

Investcorp is focusing on sectors aligned with Saudi Vision 2030, including healthcare and logistics, adding that the firm is actively working to attract foreign capital into Saudi Arabia and the wider GCC region in cooperation with local institutions, he concluded.