KKR has acquired a minority interest in ADNOC Gas Pipeline Assets, strengthening its partnership with Abu Dhabi National Oil Company (ADNOC) and deepening its Middle East strategy, according to a report by CNBC.

The ADNOC subsidiary operates 38 pipelines and two export terminals across the United Arab Emirates. ADNOC will retain ownership and operational control of the network, while KKR’s stake, acquired through its managed accounts, is designed to deliver long-term revenue.

The deal builds on KKR’s 2019 oil pipeline partnership with ADNOC and BlackRock, which helped open the region to greater foreign investment.

“This investment reflects KKR’s commitment to expand partnerships and investment across the Middle East,” said David Petraeus, Partner at KKR and Chairman of KKR Middle East and the KKR Global Institute. “The region’s strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors.”

The firm has also taken a significant role in the Gulf’s digital infrastructure, acquiring a stake in Dubai-based Gulf Data Hub as part of a $5bn commitment to expand its data centre platform. Earlier this year, KKR created a dedicated Middle East investment team led by Julian Barratt-Due, with Petraeus appointed as regional chair.

The transaction underscores KKR’s push to scale its regional presence. Globally, the firm manages more than $90bn in infrastructure assets through its platform launched in 2008.

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