A major alliance of international investment powerhouses announced Thursday their intention to pursue infrastructure projects worth $30 billion throughout the Gulf Cooperation Council nations and Central Asia.
The collaboration brings together BlackRock’s GIP division, Singapore’s Temasek, Abu Dhabi’s newest wealth fund L’IMAD, and the state oil company ADNOC, according to a joint announcement from the firms.
The new partnership plans to secure both equity and debt financing to invest in new and existing infrastructure projects spanning energy, transportation, and logistics sectors.
The group also indicated it may pursue selected investment opportunities throughout the broader Middle East and North Africa region.
