2005 News Story

SAGIA and Swicorp announce consortium for $5 billion in energy projects

The Saudi Arabian Investment Authority (SAGIA) and Swicorp, a Swiss private equity and investment banking firm in the Middle East, yesterday announced a consortium to invest in $5 billion in energy-related projects.  The consortium will be known as Swicorp Joussour.

Partners in the consortium, who have already committed $500 million, include the Savola Group, Dallah AlBaraka Holding Group, the Saudi bin Laden Group, Gulf Power Company, and Swicorp Capital.