Lesha Bank, GIP sign MoU for strategic collaboration on global infrastructure investments

Lesha Bank and Global Infrastructure Partners (GIP) have signed a memorandum of understanding (MoU) to bolster their strategic alliance, with Lesha Bank aiming to invest over $1 billion alongside GIP in global infrastructure projects. The partnership focuses on expanding infrastructure investments in local, regional, and global markets, particularly in the Gulf Cooperation Council (GCC) region.

The MoU was formally signed by Lesha Bank's Group CEO, Mohammed Ismail al-Emadi, and GIP's Chairman and CEO, Adebayo Ogunlesi, at the Qatar Economic Forum (QEF) special edition in New York during the UN General Assembly. The event took place alongside the QEF, of which Lesha Bank is a sponsor. Al-Emadi emphasized that the collaboration represents a significant step in their strategy, combining Lesha Bank's regional expertise with GIP's international infrastructure knowledge to create long-term value for their investors and promote sustainable, cross-border growth.

For his part, al-Emadi highlighted their previous joint investments in successful assets, including a European airport and midstream infrastructure projects. Ogunlesi expressed his pleasure in deepening the partnership, noting their shared conviction in the long-term potential of infrastructure investments. Both institutions have a proven history of jointly investing in infrastructure assets worldwide and intend to capitalize on this relationship to pursue additional opportunities in real assets across global markets.