Return to search

Infrastructure Investor Awards 2021: Middle East and Africa

Meridiam takes Fund Manager of the Year for the region.

Head in the cloud: Meridiam’s African
spending spree included Raxio partnership to develop data centres

Fund Manager of the Year

WINNER: Meridiam

SECOND PLACE: African Infrastructure Investment Managers
THIRD PLACE: EIG

A typically busy year for Meridiam saw it raise more than $500 million for its second Africa fund on its way to its $750 million target. In addition, the firm reached financial close on the largest power plant in West Africa powered by agricultural waste; closed on the Kinguélé Aval hydroelectric power plant in Gabon; bought 40 percent of the Setrag railway line, spanning 650km across Gabon; and partnered with Raxio to develop data centres in Africa.


Deal of the Year

WINNER: Aramco Oil Pipelines Company (EIG, Mubadala Investment Company, Silk Road Fund, Hassana, Samsung Asset Management)

SECOND PLACE: MetroFibre Networx (AIIM)
THIRD PLACE: Al Warsan Waste to Energy plant (Itochu, Hitachi Zosen Inova, Besix, Dubai Holding, Tech Group)

The $12.4 billion deal between an EIG-led consortium and Aramco for a 49 percent stake in Aramco Oil Pipelines Company is the largest foreign direct investment in Saudi Arabia to date. The newly formed AOPC will own a 25-year lease on all existing and future crude oil pipelines across the Kingdom, including a current network spanning 4,800km. EIG also clinched $10.8 billion in debt from 18 global banks to finance the acquisition.


Energy Deal of the Year

WINNER: Aramco Oil Pipelines Company (EIG, Mubadala Investment Company, Silk Road Fund, Hassana, Samsung Asset Management)

SECOND PLACE: Al Dhafra PV2 (EDF Renewables, Jinko Power, Masda, TAQA)
THIRD PLACE:
Warsan WtE plant (Itochu, Hitachi Zosen Inova, Besix, Dubai Holding, Tech Group)

The $12.4 billion Aramco Oil Pipelines Company deal sees EIG take a 49 percent stake in the newly formed entity, which has rights to 25 years of tariff payments for oil transported through Aramco’s stabilised crude oil pipeline network. The pipeline network, which includes all of Aramco’s existing and future stabilised crude pipelines in Saudi Arabia, connects oilfields to downstream networks. The pipeline network transports 100 percent of Aramco’s crude oil produced in the kingdom under its concession agreement.


Renewables Deal of the Year

WINNER: Jeddah PV IPP (Masdar, EDF Renewables, Nesma Company)

SECOND PLACE: Biovea (Meridian, EDF, SIFCA)
THIRD PLACE:
Al Dhafra PV2 (EDF Renewables, Jinko Power, Masdar, TAQA)

The consortium behind Saudi Arabia’s first wind farm is back to develop a 300MW utility-scale PV power plant in Jeddah. Featuring a 25-year PPA, the consortium submitted the most cost-competitive bid of $16.24 per MW/h. Under the terms of the PPA, the consortium will develop, design, finance, build and operate the plant, which is scheduled to start operating in 2022. It will use the latest PV technology, including state-of-the-art robots to clean its modules.