US PE Infrastructure Firm I Squared Plans Saudi Arabia Expansion

I Squared Capital plans to set up shop in Saudi Arabia this year as the US private equity fund hunts for acquisitions and deals in the infrastructure space in the Middle East.

The firm intends to open an office in the capital of Riyadh in the fourth quarter, with a goal of investing $1 billion within its first three years of operation, according to Sadek Wahba, founder and chairman.