pexels
According to a joint statement, the project will include BlackRock's Global Infrastructure Partners (GIP) fund, Singapore's sovereign wealth fund Temasek, and the state-owned oil firm Abu Dhabi National Oil Co. (ADNOC).
The collaborative initiative will concentrate on prospects within the energy, transportation, logistics, and waste management industries in the Gulf Cooperation Council (GCC) as well as Central Asia. The collaboration will pursue a mix of debt and equity funding for its investment assets. Investments can be directed toward both new and ongoing infrastructure projects.
Distinct investment initiatives in various nations within the Middle East and North Africa could also be taken into account.
"The alliance demonstrates ongoing global investors' enthusiasm for the UAE and the region as a long-term investment hub, backed by robust macroeconomic indicators, a rising flow of investment opportunities, and a more developed investment environment," the statement noted.
The companies did not reveal when the fundraising occurred or how the shares were allocated among the founding partners.
source: reuters.com
The collaborative initiative will concentrate on prospects within the energy, transportation, logistics, and waste management industries in the Gulf Cooperation Council (GCC) as well as Central Asia. The collaboration will pursue a mix of debt and equity funding for its investment assets. Investments can be directed toward both new and ongoing infrastructure projects.
Distinct investment initiatives in various nations within the Middle East and North Africa could also be taken into account.
"The alliance demonstrates ongoing global investors' enthusiasm for the UAE and the region as a long-term investment hub, backed by robust macroeconomic indicators, a rising flow of investment opportunities, and a more developed investment environment," the statement noted.
The companies did not reveal when the fundraising occurred or how the shares were allocated among the founding partners.
source: reuters.com