GIP proposes GCC and Central Asia infrastructure partnership

BlackRock's GIP announced plans for an infrastructure partnership with L'IMAD, ADNOC and Temasek across the GCC and Central Asia, with selective MENA opportunities. The proposed strategy covers greenfield and brownfield assets in energy, transport, logistics, digital infrastructure, water and waste. The announcement targeted $30 billion of investments using equity and debt. It remained subject to definitive agreements, so the target is not recorded as committed capital or a closed fund size.