Global Infrastructure Partners is raising a $10 billion fund focused on the Gulf Cooperation Council and Central Asia, backed by heavyweight investors including UAE sovereign wealth vehicle L'imad, Abu Dhabi National Oil Company, and Singapore's Temasek. The vehicle reflects a broader trend of state-linked capital flowing into infrastructure across oil-rich regions seeking diversification.

GIP's target size positions it among the largest vehicles targeting this corridor. With GCC economies pushing to reduce reliance on hydrocarbons and Central Asian markets drawing renewed foreign interest, the fund taps into substantial infrastructure demand. Support from L'imad, ADNOC, and Temasek signals strong institutional conviction behind the strategy.

The fund's composition suggests GIP is competing aggressively with regional players for deal flow in an increasingly crowded market. Backing from sovereign-linked investors gives the vehicle credibility, though closing $10 billion will require sustained appetite from a still-selective investor base.