The Philippines is set to witness a significant influx of foreign investment in its infrastructure sector as Global Infrastructure Partners (GIP), a leading global infrastructure investor and part of BlackRock, finalizes a strategic partnership with Aboitiz Equity Ventures Inc. (AEV).
This collaboration includes GIP’s acquisition of a 40% stake in Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, marking one of the largest foreign equity investments in Philippine infrastructure in recent years.
This partnership highlights growing global investor confidence in the Philippine market and reinforces the country’s position as a prime investment destination in Asia.
In a high-level meeting held in the United States, President Ferdinand R. Marcos Jr. and Aboitiz Group President and CEO Sabin M. Aboitiz met with Bayo Ogunlesi, GIP Chairman and CEO, to discuss the collaboration.
“This partnership is a strong vote of confidence in the Philippines’ future.
With global partners like GIP working alongside respected Filipino firms such as Aboitiz, we can build infrastructure that is more resilient, inclusive, and forward-looking,” said President Marcos Jr.
Aboitiz InfraCapital (AIC) boasts a diversified portfolio of infrastructure assets, including award-winning airports such as Mactan-Cebu International Airport, Laguindingan International Airport, and Bohol-Panglao International Airport.
AIC also invests in bulk water supply, economic estates, and telecommunication towers, playing a vital role in the nation’s development.
“We are honored to explore this opportunity with Global Infrastructure Partners.
Our shared vision of modern, world-class infrastructure aligns with the country’s ambitions for progress,” said Sabin M. Aboitiz. “Together, we aim to deliver projects that improve lives and empower communities.”
Global Infrastructure Partners (GIP) specializes in investing in, owning, and operating large-scale assets across energy, transport, digital infrastructure, and water and waste management sectors.
With over $183 billion in assets under management, GIP leverages its expertise to create positive economic impacts for communities worldwide.
“We are pleased to have the opportunity to become a strategic partner of the Aboitiz Group,” said Bayo Ogunlesi, GIP Chairman and CEO.
“The Philippines has compelling growth prospects, which can be further enhanced by developing world-class infrastructure.
We look forward to working with our partners at Aboitiz Group to deliver best-in-class infrastructure services to the Filipino people.”
The partnership aims to combine the expertise and resources of both parties to develop and improve essential infrastructure, ultimately benefiting the Filipino people.
The finalization of the partnership is subject to definitive documentation, confirmatory due diligence, and relevant regulatory approvals.
