Global Infrastructure Partners (GIP) has partnered with the Government of Abu Dhabi’s sovereign investment platform L’IMAD, Abu Dhabi National Oil Company (ADNOC) and Temasek to establish a $30bn (€25.6bn) infrastructure investment platform focusing on the Gulf Cooperation Council (GCC) and Central Asia.
The proposed partnership, which will also consider select investments across the broader Middle East and North Africa region, will raise a combination of equity and debt capital to target a diversified pipeline of infrastructure opportunities.
The investment will focus on sectors including energy, transportation, logistics, digital, water and waste management.
Bayo Ogunlesi, chairman and CEO of BlackRock-owned GIP, said: “We are pleased to establish this partnership with L’IMAD, ADNOC and Temasek to deepen our longstanding commitment to investing across the GCC and Central Asia region.
“Today, more than ever, investing in and creating best-in-class infrastructure is a critical driver of economic growth and resilience. We look forward to furthering our joint ambition to enhance innovation and economic growth.”
Jassem Bu Ataba Al Zaabi, managing director and group CEO of L’IMAD, said: “Through our partnership with GIP, ADNOC and Temasek, we are combining global investment expertise with local insight and a disciplined approach to capital deployment, focused on supporting the development of resilient assets aligned with long-term regional demand.”
Sultan Ahmed Al Jaber, ADNOC managing director and group CEO, said: “This proposed strategic partnership with GIP, L’IMAD and Temasek, targets disciplined investments across a diversified pipeline of high-quality opportunities.
“It builds on ADNOC’s long and successful history of working with trusted partners, leveraging its proven project delivery, infrastructure management, and financing expertise, and deep experience of deploying capital to unlock new revenue streams and create long-term value.”
Chia Song Hwee, CEO of Temasek Global Investments, said: “Core-plus infrastructure is a strategic focus area for Temasek, supported by the growing global demand for modern and resilient infrastructure.
“We are pleased to partner with GIP, L’IMAD and ADNOC, bringing together complementary expertise to pursue high-quality infrastructure opportunities. This underscores our continued interest in the GCC and broader region, and our ambition to create lasting value alongside like-minded partners.”
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