KKR earmarks some of its $19.2 billion infrastructure fund for Gulf projects
The private equity giant is already pouring billions into data centers in the Gulf, committing $5 billion across the Middle East over the past 18 months.
KKR has allocated a portion of its $19.2 billion infrastructure fund to Gulf projects aimed at enhancing the region's energy and digital infrastructure. The private equity firm has already invested $5 billion in data centers across the Middle East over the past 18 months, and its head of Middle East investing stated that the new fund will support the region's next phase of growth.
The recent signing of a $16 billion lease on Kuwait's national pipeline network by KKR and Blackstone further highlights confidence in the Gulf's digital infrastructure investments. However, a significant portion of KKR's new fund will be directed towards North American and European investments.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
