Edmond de Rothschild Bank Strengthens Presence in Saudi Arabia’s Vision 2030
The Edmond de Rothschild Bank is positioning itself as a key player in infrastructure debt within Saudi Arabia’s ambitious “Vision 2030” plan. The strategy involves establishing a local presence and partnering with a prominent local entity to enhance its involvement in the Middle East.
After successfully launching an office in Dubai last year, the Edmond de Rothschild Bank is now expanding its reach into Saudi Arabia with an “Infrastructure Debt Strategy,” as per a recent press release. Teaming up with SNB Capital, Saudi Arabia’s leading asset manager overseeing billion in assets, the bank aims to tap into the growing infrastructure debt asset class.
To further solidify its presence in the region, Edmond de Rothschild plans to establish a branch in Riyadh in collaboration with Watar Partners, a local financial services provider. This joint venture is designed to attract Saudi family offices and institutional investors to the infrastructure debt market.
With a proven track record in Europe, managing over 5 billion euros across 18 countries, the bank’s infrastructure debt team aims to play a significant role in financing key projects under Saudi Arabia’s Vision 2030. This initiative will complement existing equity instruments and senior debt securities, providing a diversified financing mix for the Kingdom.
Ariane de Rothschild, CEO of Edmond de Rothschild, sees the partnership with Saudi entities as a natural progression for the group, based on longstanding business relationships with the country. Despite the ambitious plans, the bank is still awaiting regulatory approvals and licenses to formalize the joint venture and implement its strategy.
In summary, the Edmond de Rothschild Bank’s strategic move into Saudi Arabia’s infrastructure debt market signals its commitment to supporting the Kingdom’s transformation under Vision 2030. This expansion not only strengthens the bank’s presence in the Middle East but also opens up new opportunities for investors looking to participate in the region’s infrastructure development.