PIF signs cooperation agreements with IFC and MIGA worth up to $9.5 billion

Original announcement: 24 July 2026.

PIF announced two memoranda of understanding with World Bank Group institutions IFC and MIGA on 24 July 2026. The agreements cover potential cooperation totaling up to $9.5 billion.

What the announcement covers

The IFC agreement, valued at up to $6 billion, focuses on exploring co-financing in eligible portfolio projects. The MIGA agreement, for up to $3.5 billion, explores credit enhancement guarantees supporting portfolio companies investing in the Middle East and North Africa.

Infrastructure, energy, transport, tourism and healthcare are among the areas identified in the announcement. The agreements also provide a basis for knowledge exchange and attracting private capital. Their stated values are prospective cooperation ceilings, rather than a statement that the full amount has already been deployed.

Source: PIF · official announcement. Checked 16 October 2026. Image credit: PIF.