AFiG Announces Strategic Expansion into European Sustainable Infrastructure
In a landmark move signaling a renewed commitment to global sustainability, Al-Fehaid International Group (AFiG) today confirmed the finalization of a €450 million investment vehicle targeted at renewable energy infrastructure across Central and Eastern Europe.
The initiative, structured through our Luxembourg headquarters, represents a strategic pivot towards long-term, asset-backed securities that not only promise stable yields but also align with the European Union's ambitious 2030 climate targets. This expansion allows AFiG to leverage its deep expertise in industrial engineering while fostering international partnerships that transcend traditional market boundaries.
"Our philosophy has always been one of patient capital," stated Mr. Waleed Faisal Al Massoud Al Fehaid, Chairman of AFiG. "We do not simply deploy funds; we build the foundational structures that economies rely on. Europe's transition to a green economy offers a unique intersection of technological innovation and necessary infrastructure upgrade—precisely where AFiG excels."
The investment portfolio will focus primarily on solar photovoltaic parks in Hungary and wind energy projects in the Baltic region. These assets were selected following a rigorous two-year due diligence process led by Dr. Amer Sadeq, Executive Director, ensuring they meet AFiG's stringent criteria for operational efficiency and environmental impact.
A Bridge Between Markets
By anchoring this expansion in Luxembourg, AFiG continues to act as a vital bridge between Middle Eastern capital and European industrial opportunity. The new venture is expected to create over 300 specialized jobs across the target regions within the first 18 months of operation. Furthermore, it sets a precedent for future cross-border collaborations involving technology transfer and sustainable urban planning.
Corporate strategy meeting, Luxembourg 2023
Looking ahead, the group remains vigilant for opportunities that complement this new vertical. As global markets adjust to post-pandemic realities, AFiG's diverse portfolio—spanning advisory, industrial engineering, and now renewable energy—is robustly positioned to navigate volatility. This resilience is not accidental but designed, reflecting a corporate culture that values foresight over reaction.
The official signing ceremony will take place later this month, attended by key stakeholders and ministerial representatives from the involved nations.