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BlackRock’s Global Infrastructure Partners (GIP) has joined forces with Singapore’s Temasek, Abu Dhabi’s newly launched wealth fund L’IMAD, and UAE state oil giant ADNOC to establish a major infrastructure investment partnership focused on the Gulf Cooperation Council (GCC) and Central Asia. The companies announced the initiative in a joint statement on Thursday, revealing plans to target up to $30 billion in infrastructure investments across the rapidly growing regions.
The new partnership aims to raise both equity and debt financing to support a broad range of infrastructure projects. Investment opportunities will include both greenfield developments, which involve building new infrastructure from the ground up, and brownfield assets, which focus on improving or expanding existing projects. Key sectors targeted by the alliance include energy, transportation, logistics, and other critical infrastructure areas expected to benefit from long-term economic growth.
The collaboration reflects increasing global investor interest in the Middle East and Central Asia, where governments are accelerating economic diversification strategies and infrastructure modernization efforts. The partnership will primarily focus on GCC countries, including the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman, while also exploring selected opportunities across the wider Middle East and North Africa (MENA) region.
BlackRock GIP and its partners are expected to leverage their combined financial expertise, regional influence, and infrastructure investment experience to support sustainable economic development. The initiative also aligns with growing demand for large-scale infrastructure funding driven by urbanization, energy transition projects, and expanding trade networks.
The strategic partnership highlights the increasing role of sovereign wealth funds and global asset managers in shaping infrastructure investment trends across emerging markets, particularly in sectors tied to economic resilience and regional connectivity.
