Prime Highlights
- The four-way partnership targets $30 billion in infrastructure investment across the Gulf and Central Asia, covering energy, transportation, and logistics sectors.
- Temasek’s CEO said the deal reflects strong global investor confidence in the UAE and the wider region as a long-term destination for capital.
Key Facts
- L’IMAD is Abu Dhabi’s newest sovereign wealth fund, launched in December last year, with an estimated $300 billion in assets.
- BlackRock acquired Global Infrastructure Partners in 2024, valuing the infrastructure specialist at around $12.5 billion.
Background
BlackRock’s Global Infrastructure Partners has formed a partnership with Singapore’s Temasek and Abu Dhabi’s L’IMAD sovereign wealth fund and ADNOC state oil company to establish a new infrastructure collaboration. The group is targeting $30 billion in investments across the Gulf and Central Asia.
The partnership will raise a mix of equity and debt capital to fund both new and existing infrastructure projects. Target sectors include energy, transportation, and logistics. The group also plans to look at select opportunities across the wider Middle East and North Africa region.
The four partners did not share a fundraising timeline or reveal how equity will be split among them.
The deal brings together some of the region’s most active infrastructure investors alongside one of the world’s biggest alternative asset managers. BlackRock acquired GIP in 2024 in a transaction that valued the infrastructure firm at around $12.5 billion.
The announcement comes as Gulf infrastructure investment continues to attract global interest despite disruptions caused by the Iran war, which has rattled energy markets and affected business activity across the region.
Abu Dhabi this week also announced a separate $15 billion investment pipeline to pull in private funding for infrastructure projects.
CEO of Temasek Global Investments Chia Song Hwee said the partnership reflects strong and continued global investor interest in the UAE and the wider region as a long-term capital destination, backed by solid economic fundamentals and a growing pool of investable opportunities.
L’IMAD’s managing director and CEO Jassem Bu Ataba Al Zaabi said infrastructure sits at the heart of the fund’s investment strategy, particularly in markets driven by strong structural demand.
