– Global Infrastructure Partners, part of BlackRock, will partner with L’IMAD, Abu Dhabi National Oil Company (ADNOC), and Temasek to launch a new infrastructure investment partnership.
– The partnership will focus on infrastructure opportunities across the GCC and Central Asia, while also evaluating select investments in the wider MENA region.
– Target sectors include:
▪️Energy
▪️Transportation
▪️Logistics
▪️Digital infrastructure
▪️Water
▪️Waste management
– The initiative aims to capitalize on strong structural demand driven by:
▪️Urbanisation
▪️Digitisation
▪️Productivity-led growth
▪️Economic resilience
– The partnership plans to raise both equity and debt capital.
– Investment strategy will cover:
▪️Greenfield infrastructure projects
▪️Brownfield infrastructure assets
– The portfolio aims to deliver:
▪️Attractive risk-adjusted returns
▪️Healthy cash yield
▪️Long-term economic value creation
– Bayo Ogunlesi said the partnership reflects GIP’s commitment to investing in the GCC and Central Asia and highlighted infrastructure as a key driver of economic growth and resilience.
– Jassem Bu Ataba Al Zaabi said the region is attractive for long-term capital due to strong structural trends and emphasized combining global expertise with local insight.
– Sultan Ahmed Al Jaber said ADNOC will leverage its expertise in project delivery, infrastructure management, financing, and capital deployment to support the partnership.
– Chia Song Hwee described core-plus infrastructure as a strategic focus area and reaffirmed Temasek’s continued interest in the GCC and broader region.
