Edmond de Rothschild Group to Open Office in Saudi Arabia and Launch Infrastructure Finance Platform

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The Edmond de Rothschild Group, renowned for its expertise in asset management and private banking, announced plans to establish an office in Saudi Arabia and introduce a platform to provide debt financing for infrastructure projects. This initiative is in line with Saudi Arabia’s Vision 2030, aimed at diversifying the economy beyond oil dependency.

The Edmond de Rothschild Group will open a new office in Riyadh in the latter half of this year. The Swiss bank, in collaboration with SNB Capital, will launch a platform to finance infrastructure projects across Saudi Arabia, aligning with the Vision 2030 plan led by Crown Prince Mohammed Bin Salman. The bank has partnered with Watar Partners to offer infrastructure debt advisory services to Saudi family offices and institutional investors. The platform aims to attract foreign investment to Saudi Arabia, which has seen limited external investment despite Vision 2030’s ambitious plans for urban development and job creation.

Initiated by Crown Prince Mohammed Bin Salman, Vision 2030 aims to transform Saudi Arabia’s economy through diversification and significant investments in non-oil sectors and major infrastructure projects. The Riyadh office follows the Edmond de Rothschild Group’s recent expansion in the United Arab Emirates, where it opened an advisory office in Dubai last year.

“This is a logical next step for our group, building on the long-standing business relationships we have with the country.”

Edmond de Rothschild manages over 5 billion euros ($5.4 billion) in infrastructure debt assets, showcasing its ability to support large-scale projects. The collaboration with SNB Capital and Watar Partners highlights the bank’s commitment to leveraging local expertise and enhancing its service offerings in the Gulf region.

This strategic move by the Edmond de Rothschild Group emphasizes its dedication to supporting Saudi Arabia’s economic transformation and highlights the growing focus on infrastructure development in the Gulf region.