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

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.