I Squared Capital Expands in the GCC with New Riyadh Office

Global infrastructure investment firm I Squared Capital has announced a major strategic expansion in the Middle East with the launch of a new office in Riyadh, Saudi Arabia, and the formation of a dedicated regional investment platform. This move reflects the firm’s growing commitment to the Gulf region and its intent to play a more active role in supporting infrastructure development across key Middle Eastern markets.

The new Riyadh office will act as a central hub for I Squared’s operations in the Gulf Cooperation Council (GCC), complementing its existing base in Abu Dhabi. With Saudi Arabia undergoing rapid transformation under Vision 2030, the firm sees strong opportunities in sectors such as energy transition, digital infrastructure, and transport modernization.

Ali Mandour, a seasoned investment executive with deep experience in cross-border transactions across Europe and the Middle East, has been appointed to lead the regional platform as Managing Director. He joins a growing team of professionals based across Riyadh, Abu Dhabi, and Delhi, who will be responsible for deploying capital into high-impact infrastructure initiatives throughout the region.

The firm’s chairman emphasized that scaling operations in the Middle East is a core strategic priority, citing robust macroeconomic fundamentals, long-term reform agendas, and increasing demand for world-class infrastructure solutions as major drivers behind the expansion.

With over $45 billion in assets under management globally, I Squared Capital manages a diversified portfolio of infrastructure companies spanning more than 70 countries. The Middle East expansion is expected to strengthen its position as a key partner for governments and institutions looking to attract foreign investment and accelerate economic development.

As the GCC continues to modernize and invest in sustainable growth, the entry of infrastructure-focused firms like I Squared Capital is set to boost capital flows and operational expertise into transformative projects.