Private equity giant KKR expands Middle East footprint with ADNOC gas pipeline investment

Global Private Capital Giant KKR has expanded its partnership with Abu Dhabi National Oil Company and acquired a minority share in Adnoc GAS Pipeline assets.

This Adnoc subsidiary runs 38 gas pipelines and two export terminals in the United Arab Emirates. KKR did not explain the value of the agreement to CNBC.

The partnership is followed by KKR and Blackrock and 2019 oil pipelines, which opens the door of Foreign direct investment in the region.

“This investment reflects KKR’s commitment to expand the partnerships and investments in the Middle East. He said. “The strong foundations of the region, bold vision and focused leadership offer increasingly more attractive opportunities for global investors.”

Earlier this year, the company appointed former CIA Director Petraeus, who joined the KKR in 2013, under the chairmanship of the Middle East operations and launched a special investment team led by Julian Barratt-DUE.

The process points to another milestone in the expansion of the KKR in the region. To finance the expansion of GDH’s data center network, he bought shares in Dubai -based Gulf Data Hub with the united commitment of more than $ 5 billion.

The Adnoc Gas Pipeline network, which connects the company’s up flow assets to the buyers throughout the UAE, is fully operated by Adnoc. Kkr took a minority stake, so Adnoc will maintain control. KKR’s sharing – acquired through managed accounts – The company said it has been structured to generate long -term income.

The movement expands more than 16 years in the Middle East with the offices of the KKR in the UAE and Saudi Arabia. According to the information on the website, since the company launched its infrastructure strategy in 2008, it has been governing more than 90 billion dollars of infrastructure assets globally.