The largest bank in Saudi Arabia is interested in “financing major Federal or Provincial projects between a minimum of $5 million to a maximum of $100 billion per project,” with a two per cent interest rate, according to its lobbying registration filed on June 1. “The Kingdom of Saudi Arabia is seeking opportunities to debt finance major Federal projects across any location in Canada,” the registration continued.

Darryl Williams, the Canadian lobbyist representing the Saudi bank (SAIB), said the company is interested in investing in pipelines and AI data centres in interviews with Politico and The Logic.