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The Arab Energy Fund has partnered with US investment firm Stonepeak to invest $1 billion in energy infrastructure across the Middle East.
The partnership will primarily focus on businesses in the energy sector, helping to build infrastructure in the region.
Khalid Ali Al-Ruwaigh, CEO of the Arab Energy Fund, said the alliance will help accelerate the development of future-ready energy platforms that contribute to economic growth and energy security in the region.
(Writing by Bindu Rai, editing by Seban Scaria)
