Global Infrastructure Partners and Aboitiz Group Strategic Partnership

The Philippines' infrastructure sector is poised for a significant boost in foreign investment as Global Infrastructure Partners (GIP), a part of BlackRock, and one of the world's leading infrastructure investors, is in the process of finalizing a strategic partnership with Aboitiz Equity Ventures Inc. (AEV) in the infrastructure sector.

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These discussions include the acquisition by GIP of 40% of Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group. This is expected to be one of the most significant foreign equity investments in Philippine infrastructure in recent years. This collaboration underscores growing global investor confidence in the Philippine market and reinforces the country's standing 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 Chief Executive Officer (CEO) Sabin M. Aboitiz sat down with Bayo Ogunlesi, GIP Chairman and Chief Executive Officer (CEO).