The Philippines' infrastructure sector is set to receive a major boost in foreign investment as Global Infrastructure Partners (GIP)—a part of BlackRock and one of the world’s leading infrastructure investors—moves toward finalizing a strategic partnership with Aboitiz Equity Ventures Inc. (AEV).
The discussions include GIP’s potential acquisition of a 40% stake in Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group. This transaction is expected to rank among the most significant foreign equity investments in Philippine infrastructure in recent years. The collaboration highlights growing global investor confidence in the Philippine market and reinforces the country’s reputation as a prime investment destination in Asia.
In a high-level meeting in the United States, President Ferdinand R. Marcos Jr. and Aboitiz Group President and CEO Sabin M. Aboitiz met with GIP Chairman and CEO Bayo Ogunlesi.
“This collaboration marks 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 Marcos.
AIC holds a diversified portfolio of infrastructure assets including significant investments in the aviation sector such as the award-winning Mactan-Cebu International Airport, Laguindingan International Airport and Bohol-Panglao International Airport. Beyond airports, AIC also invests in bulk water supply, economic estates and telecommunication towers—playing a vital role in supporting national 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 Aboitiz. “Together, we aim to deliver projects that improve lives and empower communities.”
GIP specializes in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. With more than $183 billion in assets under management, GIP’s scaled platform and deep operational expertise allow it to be a responsible steward of capital while creating meaningful economic impact in communities around the world.
“We are pleased to have the opportunity to become a strategic partner of the Aboitiz Group,” said Ogunlesi. “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 leverage our combined capabilities to deliver best-in-class infrastructure services to the people of the Philippines.”
The parties believe the proposed partnership will combine their expertise and resources to advance essential infrastructure development, ultimately benefiting the Filipino people.
Finalization of the partnership remains subject to definitive agreements, confirmatory due diligence and applicable regulatory approvals.
