BlackRock's GIP teams with Temasek, Abu Dhabi heavyweights to target $30 bln in infrastructure deals

BlackRock, Inc.

BlackRock, Inc.

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DUBAI, May 14 (Reuters) - BlackRock's GIP BLK.N has partnered with Singapore's Temasek and Abu Dhabi's newest wealth fund L’IMAD and state oil firm ADNOC to launch an infrastructure partnership targeting $30 billion of investment across the Gulf Cooperation Council and Central Asia, the companies said in a joint statement on Thursday.

The partnership will raise a combination of equity and debt capital to target investments in greenfield and brownfield infrastructure assets across sectors including energy, transportation and logistics.

It will also consider select investments within the wider Middle East and North Africa region, the firms said.


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