The global investment firm KKR has announced its acquisition of a minority stake in ADNOC Gas Pipelines LLC, further strengthening the long-standing strategic partnership with the Abu Dhabi National Oil Company (ADNOC) and underscoring KKR’s confidence in Abu Dhabi’s competitive position as a premier global investment destination.
This transaction is an extension of the historic agreement between KKR and ADNOC regarding oil pipelines established in 2019, which marked the first of its kind in the region and continues to inspire similar deals across the Middle East. Such investments enable regional partners to access capital from global investment firms while maintaining operational management of their assets.
Retired U.S. General David Petraeus, partner and chairman of KKR Global Institute, expressed enthusiasm about expanding their strategic partnership with ADNOC, emphasizing their commitment to supporting long-term prosperity in Abu Dhabi and contributing to its infrastructure development.
Christina Gonzalez, Managing Director for Infrastructure at KKR, noted the firm’s extensive experience in owning and operating national infrastructure projects, with a proven track record of collaborative relationships with governments worldwide. This strategic partnership combines KKR’s expertise in infrastructure investment with ADNOC’s operational excellence, aiming to provide practical solutions in the energy sector. The investment in ADNOC Gas Pipelines is expected to yield high-quality, long-term financial returns in collaboration with a distinguished partner like ADNOC.
The gas pipeline network connects ADNOC’s production facilities with local companies contracted to purchase gas. According to the agreement, ADNOC retains ownership and operational management of the gas pipelines, while KKR acquires a minority stake through its managed accounts, aligning the nature and duration of the investment with capital designated for long-term investments.
This strategic partnership with ADNOC reflects KKR’s commitment to the Middle Eastern markets, building on a 16-year history in the region to expand investments in vital sectors that drive growth. Earlier this year, KKR appointed General David Petraeus as Chairman for the Middle East and established a dedicated investment team in the region led by Julian Barata-Du. Additionally, in 2025, KKR invested in Gulf Data Hub, based in Dubai, one of the largest independent data center platforms in the Middle East, which is expected to accelerate digital transformation and leadership in artificial intelligence across the region.
Since launching its global infrastructure strategy in 2008, KKR has emerged as one of the most active investors in this sector worldwide, managing assets worth over $90 billion with a team of more than 130 experts spread across North America, Europe, the Middle East, and the Asia-Pacific region.