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The partnership between Global Infrastructure Partners, a unit of BlackRock, Abu Dhabi’s L’imad, ADNOC and Temasek will target up to $30 billion in investments, according to a joint statement issued on May 14, 2026. The platform plans to raise equity and debt capital for projects in the Gulf Cooperation Council and Central Asia, with additional consideration for select opportunities in the Middle East and North Africa. It will focus on generating long-term returns backed by stable cash flows while addressing structural demand in key sectors, the partners said.
Targeted areas for the infrastructure assets include energy, transportation, logistics, digital infrastructure, water and waste management, details from the announcement show. A McKinsey report from March 2026 estimated the world will require $106 trillion in cumulative infrastructure investments by 2040 to meet demands from population growth and advancing technologies. The consortium’s strategy aligns with these global needs while capitalising on regional trends in urbanisation and economic diversification.
Adnoc group chief executive Dr Sultan Al Jaber described the move as part of disciplined investments across high-quality opportunities. “Adnoc is focused on strengthening long-term energy security, supporting economic resilience, and enabling sustainable value creation,” he said. Bayo Ogunlesi, GIP chairman and chief executive, noted in the statement that infrastructure investment drives economic growth and resilience, while L’imad chief Jassem Al Zaabi pointed to the attractiveness of the region for long-term capital.
L’imad, launched in 2025 to consolidate Abu Dhabi’s investment assets, manages more than 250 subsidiaries across infrastructure, financial services, advanced industries and urban development, according to emirate government information. The platform’s formation follows the recent launch of $15 billion in public-private partnership projects in Abu Dhabi aimed at transport, infrastructure and social sectors. Abu Dhabi has hosted the Infrastructure Summit to further draw international participation in its development plans.
Singapore’s Temasek views the collaboration as advancing its interests in resilient infrastructure across the GCC. “Core-plus infrastructure is a strategic focus area for Temasek, supported by the growing global demand for modern and resilient infrastructure,” Chia Song Hwee, chief executive of Temasek Global Investments, said. “This partnership underscores our continued interest in the GCC and broader region, and our ambition to create lasting value alongside like-minded partners,” he added in the joint release.
A PwC assessment projected that global annual infrastructure spending will rise to $6.9 trillion by 2050, accumulating to $151.1 trillion over the 25-year period from 2024. In the UAE, non-oil activities accounted for around 70 percent of GDP in recent assessments by the Bertelsmann Stiftung’s Transformation Index, highlighting the impact of sustained infrastructure and diversification policies. The partnership reflects ongoing global investor interest in the UAE’s stable environment for large-scale projects.
