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BlackRock’s GIP, ADNOC and Temasek target $30 billion GCC infrastructure pipeline

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Nivetha Dayanand·19 days ago
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Dubai: Global Infrastructure Partners, part of BlackRock, will partner with L’IMAD, ADNOC and Temasek to launch a new infrastructure investment platform targeting $30 billion of investments across the Gulf Cooperation Council and Central Asia. The proposed partnership will focus on energy, transportation, logistics, digital infrastructure, water and waste management, with scope to consider selected opportunities in the wider Middle East and North Africa region. The strategy is designed to combine equity and debt capital, targeting a diversified portfolio that can generate cash yield and risk-adjusted returns across both new and existing infrastructure assets. Long-term capital targets Gulf infrastructure The partnership reflects growing investor interest in the UAE and the wider region, where infrastructure demand is being supported by population growth, urban development, industrial expansion, digitalisation and higher investment in energy security.…

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