KKR, a leading global investment firm, has acquired a minority stake in ADNOC Gas Pipeline Assets, further solidifying its long-term strategic partnership with the Abu Dhabi National Oil Company (ADNOC).
This transaction follows KKR and ADNOC’s landmark 2019 oil pipelines deal, a first for the region that continues to serve as a template for further transactions across the Middle East.
The structures allow regional partners to access new pools of global institutional capital while maintaining operating control over the assets. Further, the new investment underscores the investment company’s confidence in Abu Dhabi’s position as a premier global investment destination.
KKR Commits to Abu Dhabi’s Prosperity and Middle East Investment Growth
Cristina González, Managing Director, Infrastructure at KKR, said that, “Our company has a long history of owning and operating critical national infrastructure worldwide, collaborating closely with governments. This strategic partnership leverages our expertise in infrastructure investments and ADNOC’s operational excellence to deliver practical energy solutions. This investment in ADNOC Gas Pipeline Assets provides access to high-quality, long-dated yield alongside an outstanding partner in ADNOC. ”
“We are pleased to expand our strategic partnership with ADNOC and to invest further in Abu Dhabi’s long-term prosperity and critical infrastructure. This investment reflects the investment company’s commitment to expand partnerships and investment across the Middle East. The region’s strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors,” commented General David Petraeus (US Army, Ret.), Partner, KKR, Chairman of the KKR Global Institute, and Chairman of KKR Middle East.
The gas pipeline network connects ADNOC’s upstream assets to local off-takers in the UAE. Pipeline ownership and operational management remain with ADNOC. The global investment company is acquiring a minority stake through its managed accounts, matching the type and tenure of the investment with long-duration capital.
