Global investment firm KKR has acquired a minority stake in the entity leasing Abu Dhabi National Oil Company’s (ADNOC) gas pipeline assets, marking a continued expansion of its Gulf infrastructure portfolio. Financial terms were not disclosed.
The investment, structured through KKR’s managed accounts, aligns with long-duration capital strategies. ADNOC retains full ownership and operational control of the pipelines, reflecting a broader trend in the Gulf where UAE, Saudi Arabia, and Bahrain are leveraging foreign institutional capital while maintaining control over critical infrastructure.
This follows KKR’s 2019 ADNOC oil pipeline investment and similar regional deals, such as Saudi Aramco’s $11 billion leaseback for Jafurah gas processing with a BlackRock-led consortium, illustrating growing appetite for foreign investment in energy infrastructure.