Core Viewpoint - KKR has expanded its partnership with ADNOC by acquiring a minority stake in ADNOC Gas Pipeline Assets, reflecting a commitment to invest in the Middle East's energy sector and infrastructure [1][2][3]. Group 1: Investment Details - KKR acquired a minority stake in ADNOC Gas Pipeline Assets, which operates 38 gas pipelines and two export terminals in the UAE [2]. - The value of the deal was not disclosed by KKR [2]. - This investment follows a previous oil pipelines deal between ADNOC, KKR, and BlackRock in 2019, which facilitated foreign direct investment in the region [2]. Group 2: Strategic Importance - David Petraeus, a partner at KKR, emphasized the region's strong fundamentals and leadership as attractive opportunities for global investors [3]. - KKR's investment strategy in the Middle East is supported by a dedicated investment team led by Julian Barratt-Due [3]. Group 3: KKR's Regional Expansion - The transaction marks a significant milestone in KKR's expansion in the Middle East, which includes a stake in Dubai-based Gulf Data Hub with a combined commitment of over $5 billion for data center expansion [4]. - KKR has maintained a presence in the Middle East for over 16 years, managing more than $90 billion in global infrastructure assets since 2008 [6]. Group 4: Operational Control - ADNOC retains full ownership and operational control of the gas pipeline network, while KKR's minority stake is structured to yield long-term revenue [5].