The new platform will focus on energy, logistics, digital, water, and transport assets.
Dubai: Global Infrastructure Partners, a BlackRock company, will partner with L’IMAD, ADNOC, and Temasek to launch a new infrastructure investment platform targeting $30 billion in 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 the possibility of considering selected opportunities across the wider Middle East and North Africa region.
The strategy is intended to combine equity and debt capital, aiming to build a diversified portfolio that delivers cash yield and risk-adjusted returns across both new and existing infrastructure assets.
Long-term capital targets Gulf infrastructure
The partnership highlights rising investor interest in the UAE and the wider region, where infrastructure demand is being driven by population growth, urban expansion, industrial development, digitalisation, and increased investment in energy security.
The founding partners said the platform will focus on high-quality infrastructure assets designed to support long-term economic value. The strategy will cover both greenfield projects, where assets are developed from scratch, and brownfield opportunities involving existing infrastructure.
“We are pleased to establish this partnership with L’IMAD, ADNOC and Temasek to deepen our longstanding commitment to investing across the GCC and Central Asia region,” said Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners. “Today, more than ever, investing in and building best-in-class infrastructure is a key driver of economic growth and resilience. We look forward to advancing our shared goal of supporting innovation and economic development.”
GIP, now part of BlackRock, manages more than $200 billion in assets and invests across energy, transport, digital infrastructure, water, and waste management.
Abu Dhabi platform deepens investment role
L’IMAD, Abu Dhabi’s sovereign investment platform, will be one of the founding partners. The platform was created to strengthen the emirate’s economic foundations and build long-term value through both domestic and international investments.
“Through our partnership with GIP, ADNOC and Temasek, we are combining global investment expertise with local insight and a disciplined approach to capital deployment, focused on supporting the development of resilient assets aligned with long-term regional demand,” said Jassem Bu Ataba Al Zaabi, Managing Director and Group CEO of L’IMAD.
The partnership provides Abu Dhabi with an additional channel to attract global capital into sectors tied to economic diversification, industrial growth, and regional trade flows.
ADNOC looks beyond core energy assets
ADNOC’s involvement in the partnership reflects its broader strategy to leverage infrastructure, project delivery, and financing capabilities to generate additional revenue streams while also supporting energy security.
Dr Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, said the proposed partnership with GIP, L’IMAD, and Temasek “targets disciplined investments across a diversified pipeline of high-quality opportunities.”
“It builds on ADNOC’s long-standing and successful partnerships, leveraging its proven capabilities in project delivery, infrastructure management, financing expertise, and extensive experience in deploying capital to unlock new revenue streams and create long-term value,” Al Jaber said.
The proposed platform aligns with a broader trend in which energy companies and sovereign-backed investors are increasingly seeking exposure to infrastructure assets that generate long-term cash flows, including logistics, power systems, digital networks, and industrial platforms.
Temasek joins regional infrastructure push
Temasek, Singapore’s state-owned investment company, will add further global investment strength to the platform. The firm reported a net portfolio value of S$434 billion ($324 billion) as of the end of March 2025..
The founding partners said they will focus on operational excellence and long-term value creation, aiming to accelerate the development and expansion of critical infrastructure assets across their target markets.
The partnership is still subject to the finalisation of definitive agreements.
