Abu Dhabi’s L’imad Eyes $30 Billion Infra Push With Temasek, GIP

By Alex Dooler, Dinesh Nair May 14, 2026 at 05:46 AM GMT+8

Abu Dhabi’s L’imad Holding is joining local and global partners in an investment venture targeting $30 billion of infrastructure projects, underscoring the central role the new sovereign wealth fund is likely to play in the emirate’s ambitions.

The fund, chaired by Abu Dhabi’s crown prince, will partner with BlackRock Inc. unit Global Infrastructure Partners, Singapore’s Temasek Holdings Pte. and Abu Dhabi National Oil Co., according to a statement on Thursday.

The venture will target opportunities across energy, transportation, logistics and waste management in the Gulf Cooperation Council and Central Asia. The partnership will seek a mix of equity and debt financing for the investment portfolio.

“Infrastructure forms one of the key pillars of our investment strategy, especially in markets where demand is underpinned by structural trends,” L’imad Chief Executive Officer Jassem Al Zaabi said in the statement.

The partnership is the latest sign that Middle Eastern investors are pushing ahead with dealmaking despite the tentative ceasefire between the US and Iran, after a conflict that saw the Islamic Republic strike energy and infrastructure assets across Arab nations.

L’imad, which means “the pillar” in Arabic, made headlines last year after joining influential Gulf funds in backing Paramount Skydance Corp.’s hostile bid for Warner Bros. Discovery Inc. Abu Dhabi has also folded into it the owner of McLaren Automotive and its stake in Chinese electric-vehicle maker Nio Inc.

The wealth fund is also expected to play a key role in the emirate’s push to boost investments in China, along with Mubadala Investment Co., Bloomberg News reported last month.