SOVEREIGN PUSH

L’imad, BlackRock, Temasek, ADNOC to co-invest $30 billion

The massive combination of capital indicates the ambitious agenda of the L’imad sovereign fund, which last year acquired most of ADQ’s holdings

UAE Presidential Court

BlackRock CEO Larry Fink visiting UAE President Sheikh Mohamed bin Zayed in 2024

By

Jonathan H. Ferziger

May 14, 2026

Abu Dhabi’s rapidly expanding L’imad Group and ADNOC oil company are teaming up with BlackRock, the world’s largest asset manager, and Singapore’s Temasek sovereign wealth fund to invest as much as $30 billion in logistics and energy projects.