BlackRock, Temasek, and UAE Entities Establish $30 Billion Infrastructure Investment Alliance

Deep News05-14 15:42

On May 14, Global Infrastructure Partners (GIP), part of the US-based BlackRock, alongside Singapore's Temasek Holdings, the Abu Dhabi sovereign fund L’IMAD, and the Abu Dhabi National Oil Company (ADNOC), issued a joint statement announcing the formation of a new infrastructure investment partnership. The alliance aims to raise $30 billion, with a primary focus on infrastructure projects in the Gulf region and Central Asian countries.

The statement indicates that the investment alliance will utilize a combination of equity and debt financing, concentrating on greenfield and brownfield infrastructure assets in key sectors such as energy, transportation, and logistics. While initially focused on the Gulf and Central Asia, the alliance will also evaluate and pursue investment opportunities in the Middle East and North Africa (MENA) region. The founding partners have not yet disclosed specific capital contribution ratios or a detailed financing timeline.

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