Global Infrastructure Partners collaborates with Limad and…"ADNOC" Temasek Holdings to launch an infrastructure partnership targeting investments worth $30 billion

ABU DHABI, 14th May / WAM / Today, Global Infrastructure Partners (GIP), a subsidiary of BlackRock, Al Emad Holding Company, the sovereign investment platform affiliated with the Abu Dhabi government, ADNOC Group, and Temasek Holding Company, announced today an investment partnership in the infrastructure sector, targeting investments worth $30 billion to benefit from the expanding scope of investment opportunities in the Gulf Cooperation Council countries and the Central Asian region, and to seize investment opportunities. Promising in the Middle East and North Africa region.

The proposed partnership aims to invest in high-quality opportunities in a number of key infrastructure sectors, including energy, transportation, logistics, water, and waste management, in response to the growing demand in the target markets.

This partnership seeks to build a diversified investment portfolio, aiming to achieve a balance between risks and returns. The partnership includes existing infrastructure assets and assets under construction, with the aim of achieving long-term economic value through scalable infrastructure investments.

His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, said on this occasion that, in line with the directives of the UAE’s wise leadership to build qualitative partnerships that contribute to accelerating development paths, ADNOC continues to consolidate its leading global position as an energy company focused on growth and progress, and continues to work to ensure energy security, enhance economic flexibility, and create sustainable value.

He explained that this proposed strategic partnership with Global Infrastructure Partners, Limad, and Temasek Holding aims to implement disciplined investments within a variety of high-quality opportunities, benefiting from ADNOC’s expertise and proven track record in working with reliable partners, implementing projects, infrastructure management, and financing, in addition to its extensive experience in employing capital to create new sources of income and long-term value.

For his part, His Excellency Jassim Buataba Al Zaabi, Managing Director and Group CEO of Limad, said that the infrastructure sector is one of the main pillars of the company’s investment strategy, especially in markets where demand is focused on vital, sustainable projects.

He explained that these factors contribute to enhancing the region’s attractiveness for long-term investments, including infrastructure projects based on urban expansion, digital transformation, and growth based on improved productivity.

He added that through the partnership with Global Infrastructure Partners, ADNOC and Temasek Holding, global investment expertise is combined with an understanding of local market requirements, within a disciplined and long-term approach, aimed at supporting the development of flexible assets in line with regional demand.

For his part, Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, said that the launch of this partnership with Limad, ADNOC and Temasek confirms the company’s firm commitment to supporting investment in the Gulf region and Central Asia, looking forward to continuing the joint journey towards enhancing innovation and supporting economic growth, through developing infrastructure projects with global standards, to enhance economic flexibility and support growth.

In turn, Chia Song Hui, CEO of Temasek Global Investments, said that basic infrastructure represents one of the most important areas on which the company’s activities focus, especially in light of the increasing demand for modern and flexible infrastructure worldwide.

He welcomed the cooperation with Global Infrastructure Partners, Imad, and ADNOC, to support the integration of expertise and benefit from high-quality investment opportunities in this sector, pointing out that this partnership reflects his company’s growing interest in the Gulf countries and the region in general, and its continuing efforts to cooperate with partners united by a single vision to achieve sustainable value in the long term.

This partnership is based on the main pillars of improving the efficiency of operational implementation, consolidating governance frameworks, and creating sustainable value in the long term.

Through this cooperation, the partners aim to accelerate the pace of development and expansion of critical infrastructure assets, and contribute to building a resilient and future-ready infrastructure system in the targeted markets. It is noteworthy that the partnership is subject to the completion of final agreements.

This partnership reflects the continued interest of global investors in the United Arab Emirates and the countries of the region, as major destinations for long-term investments in an advanced business environment, based on solid economic foundations, supported by the availability of viable investment opportunities.

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