MIAMI, CMC – The Inter-American Development Bank (IDB) Group has signed a memorandum of understanding (MoU) with the Saudi Arabia-based Saudi Eksab for International Investments Company, focusing on equity financing through direct and indirect investments, with an initial emphasis on Latin America and the Caribbean.
Launched during the Future Investment Initiative (FII) in October 2025, the Saudi Arabian company is a global investment entity established to foster partnerships and invest in high-potential, emerging markets.
“This partnership represents a strategic step in strengthening long-term collaboration across high-potential markets. Through our collaboration with IDB group, we aim to unlock investment opportunities at scale, strengthen investment ecosystems, and advance shared prosperity,” said Yazeed Al-Yahya, the chief executive officer of Saudi Eksab.
President of the IDB and chairman of IDB Invest, Ilan Goldfajn, said: “We are advancing concrete equity investments and building a pipeline of opportunities that connects global capital with Latin America and the Caribbean, supporting growth, jobs, and stronger economies.”
According to an IDB statement, the collaboration is structured around two priorities: building an investment pipeline collectively through the identification of opportunities that serve the long-term objectives, and the potential creation of an investment mobilization vehicle to channel capital into a specific framework investment deployment.
It said that to deliver on these priorities, the parties are exploring concrete actions such as a potential private equity vehicle focused on Latin America and the Caribbean, with participation from Saudi Eksab and IDB Invest.
They will also expand early-stage investment efforts through IDB Lab, including support for venture capital funds and direct equity opportunities, leveraging its network and experience to strengthen the pipeline across stages.
“Through this collaboration, the parties aim to mobilize private capital, create a socioeconomic impact, and strengthen investment across Latin America and the Caribbean,” the statement added.
On Wednesday, the IDB Group opened its first office in the United States outside of Washington, D.C., as part of the efforts to advance private-sector-led development and strengthen the financial institution’s role in connecting global investors with opportunities in LAC.
“Miami is where investors are, where decisions are made, and where deals are structured,” said Goldfajn.
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