KKR Special stock giant expands the fingerprint in the Middle East while investing the gas pipeline in AdNOC

Global private stock giant Kkr Its partnership with Abu Dhabi National Oil Company expanded, where she got a minority stake in the assets of AdNOC gas pipelines.

ADNOC sub -run 38 gas pipeline and two export stations in the United Arab Emirates. KKR did not reveal the value of the deal to CNBC.

Partnership 2019 adnoc follow Oil pipeline deal With KKR and Blackrock, which opened the door to foreign direct investment throughout the region.

“This investment reflects KKR’s commitment to expanding partnerships and investing all over the Middle East,” said David Petraeus, a partner in KKR and head of the KKR and KKR Middle East. “The strong basics in the region, bold vision, and concentrated leadership provide increasingly attractive opportunities for global investors.”

Earlier this year, the company appointed a former CIA Petraeus, who joined KKR in 2013, as head of its operations in the Middle East and launched a dedicated investment team led by Julian-Due.

The deal represents another milestone in the expansion of KKR in the area. She got a stake in Dubai -based GULF Data Hub, with a joint commitment from the two companies of more than $ 5 billion to finance the GDH Data Center network.

The ADNOC gas pipeline network, which connects the company’s upper assets to the local award throughout the United Arab Emirates, is still fully owned and managed by AdNOC. KKR captured a minority stake, so AdNOC will retain control. KKR class – obtained through its managed accounts – The company said that a long -term revenue organizer.

This step expanded the presence of KKR for 16 years in the Middle East, with offices in the United Arab Emirates and the Kingdom of Saudi Arabia. The company is now running more than $ 90 billion of infrastructure assets worldwide since the launch of the infrastructure strategy in 2008, according to information on its website.