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BlackRock’s GIP, Temasek, L’IMAD and ADNOC Launch $30 Billion Infrastructure Partnership

Undisclosed terms point to a staged rollout.

Overview

  • The four investors announced a joint vehicle that targets about $30 billion for projects across the Gulf and Central Asia using equity and debt.
  • The mandate covers energy, transport, logistics, digital networks, water systems and waste management with selective deals in the wider Middle East and North Africa.
  • The companies did not share a fundraising timetable or ownership split, and the partnership remains subject to definitive agreements.
  • The group says it will seek long-term, risk-adjusted returns with steady cash yields from greenfield and brownfield assets.
  • Regional deal flow is building, with Abu Dhabi launching a $15 billion public‑private project pipeline and a recent $11 billion Aramco-linked deal in Saudi Arabia, while banks explore a stake sale in Kuwait’s pipeline network.