Abu dhabi: Global Infrastructure Partners (GIP), part of BlackRock, will partner with L'IMAD, the Abu Dhabi National Oil Company (ADNOC), and Temasek to launch an infrastructure investment partnership targeting US$30 billion in investments, capitalizing on opportunities across the GCC and Central Asia. It will also consider select investments within the broader Middle East and North Africa (MENA) region.
According to Emirates News Agency, the proposed partnership would target a diversified pipeline of infrastructure opportunities in key segments such as energy, transportation, logistics, digital, water, and waste management. The partnership aims to raise a combination of equity and debt capital to target an investment portfolio that generates attractive risk-adjusted returns with a healthy cash yield. Its strategy encompasses greenfield and brownfield assets, aiming to drive long-term economic value for investors through scalable infrastructure investments.
Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, emphasized ADNOC's focus on strengthening long-term energy security and sustainable value creation. He highlighted the strategic nature of the partnership with GIP, L'IMAD, and Temasek, which targets disciplined investments across a diversified pipeline of high-quality opportunities.
Jassem Bu Ataba Al Zaabi, Managing Director and Group CEO of L'IMAD, noted that infrastructure is a key pillar of L'IMAD's investment strategy, especially in markets driven by urbanization, digitization, and productivity-led growth. The partnership aims to combine global investment expertise with local insight to develop resilient assets aligned with long-term regional demand.
Bayo Ogunlesi, Chairman and CEO of GIP, stated the importance of investing in best-in-class infrastructure as a critical driver of economic growth and resilience. Chia Song Hwee, CEO of Temasek Global Investments, emphasized that core-plus infrastructure is a strategic focus area for Temasek, supported by growing global demand for modern infrastructure.
The founding partners aim to focus on operational excellence and long-term value creation, accelerating the development of critical infrastructure assets. The partnership reflects continued global investor interest in the UAE and the wider region, supported by strong macroeconomic fundamentals and a mature investment landscape.