BlackRock's GIP has partnered with Singapore's Temasek, Abu Dhabi's new wealth fund L'IMAD, and state oil firm ADNOC to launch an infrastructure partnership targeting $30 billion in investments.
The partnership will raise equity and debt to invest in greenfield and brownfield infrastructure assets across energy, transportation, and logistics.
It will also consider select investments in the Middle East and North Africa. The companies did not disclose a fundraising timeline or equity split.
The deal brings together some of the region's most active infrastructure capital allocators with one of the world's largest alternative asset managers. BlackRock acquired GIP in 2024 for about $12.5 billion.
It also shows continued interest in Gulf infrastructure amid the Iran war, which has disrupted energy markets.
