Global Infrastructure Partners (GIP), owned by BlackRock since last year, is set to open an office in Doha, Qatar as it seeks to expand in the Middle East.
The establishment of the office, which will serve as a hub for GIP’s Middle East and North Africa (MENA) investing activities, will help the firm "pursue investment opportunities in the Middle East and MENA region", according to a statement.
“Throughout GIP’s history, we have had very strong and productive relationships with our key clients and corporate partners across the Middle East,” said Bayo Ogunlesi, Global Infrastructure Partners’ chairman and chief executive officer, in a statement.
Ogunlesi added: “[This] announcement deepens our commitment to an important region. We are excited by the prospects for the Middle East region, driven by strong economic growth, the expansion of the capital markets and the emergence of transparent regulatory frameworks.”
The establishment of GIP’s Doha office is subject to the satisfaction of customary conditions including regulatory approvals. FinanceAsia has reached out to GIP for more information.
GIP specialises in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. GIP has over $170 billion in assets under management.
For more FA analysis on GIP's plans as part of BlackRock, see here.
