One of Qatar’s leading investment banks, Lesha Bank has signed a memorandum of understanding (MoU) with Global Infrastructure Partners (GIP), part of BlackRock, to strengthen their strategic partnership. The agreement includes an ambition for Lesha Bank to invest more than $1 billion alongside GIP and pursue further opportunities in global infrastructure and real assets.
The MoU underscores Lesha Bank’s and GIP’s shared commitment to expanding their local, regional and global infrastructure investment portfolios, with a particular focus on supporting the GCC’s continued infrastructure development and capturing opportunities arising from the region’s long-term economic transformation.
The MoU is signed by Mohammed Ismail Al Emadi, Group CEO of Lesha Bank, and Adebayo Ogunlesi, Chairman and CEO of GIP at the Qatar Economic Forum (“QEF”) special edition held in New York alongside the United Nations General Assembly, where Lesha Bank is a participating sponsor of the QEF.
HE Sheikh Faisal bin Thani Al Thani, Chairman of the Board of Directors of Lesha Bank, commented, “This collaboration with GIP marks an important step in our strategy, as infrastructure continues to emerge as a defining pillar of global investment. By combining our regional insight with GIP’s international infrastructure expertise, we are well positioned to unlock long-term value for our investors while strengthening the foundations of sustainable, cross-border growth for both institutions.”
Mr. Mohammed Ismail Al Emadi, Group CEO of Lesha Bank, added, “I am delighted to sign this MoU with our long-term strategic partner, GIP. We have invested together in a number of successful assets, including a European airport and midstream infrastructure alongside a global energy major. We look forward to further deepening our partnership as we continue to scale our Global Infrastructure Investments asset class, a key strategic focus for us.”
Mr. Adebayo Ogunlesi, Chairman & Chief Executive Officer of Global Infrastructure Partners, a part of BlackRock, commented, “We are pleased to deepen our partnership with Lesha Bank, with whom we share a strong conviction in the long-term outlook for infrastructure investment. We look forward to building upon our successful relationship to pursue compelling investment opportunities together.”
