Keppel’s business model integrates fund management with deep operating expertise, enabling it to develop, scale, and manage infrastructure portfolios that deliver strong value to multi-stakeholder groups.

Asia Pacific’s rapid urbanisation and digitalisation are driving an unprecedented demand for infrastructure—yet funding has not kept pace. The region faces a staggering US$1.7 trillion annual investment gap through 2030. Bridging this shortfall, particularly with sustainable and resilient infrastructure, is both a strategic imperative and a generational investment opportunity.

In June 2025, Keppel entered into a Strategic Partnership Agreement with the Asian Infrastructure Investment Bank (AIIB), reinforcing its position as a global asset manager and operator, and trusted partner for infrastructure in Asia Pacific. The agreement, signed on the sidelines of AIIB’s milestone 10th Annual Meeting in Beijing, sets the stage to mobilise up to US$1.5 billion for sustainable infrastructure projects across Asia Pacific over the next five years.

The partnership combines Keppel’s deep expertise and innovation for large-scale sustainable infrastructure, with AIIB’s capacity to provide long-term capital through both debt and equity financing instruments. It will focus on areas that advance green infrastructure, connectivity, and technology-enabled infrastructure, focusing on projects developed by Keppel and invested in by its private funds.

Keppel and the Asian Infrastructure Investment Bank (AIIB) signed a strategic partnership agreement to mobilise up to US$1.5 billion worth of sustainable infrastructure investments and financing opportunities in Asia Pacific.

Growing recognition on the global stage

The significance of the partnership was further underscored by Keppel’s presence at AIIB’s Annual Meeting, where Keppel's CEO, Mr Loh Chin Hua and CIO, Ms Christina Tan were invited to speak at high-level panel sessions alongside senior leaders from public and private sectors — an affirmation of Keppel’s growing stature as a trusted partner in delivering complex infrastructure solutions for the region.

In a panel titled “Mobilising Capital for Impact: AIIB’s Innovative Venture Capital & Private Equity Partnerships in Emerging Markets”, Ms Tan emphasised the strength of Keppel’s market knowledge and longstanding regional presence. “Keppel has more than 50 years of history, and we have been active in emerging markets such as Indonesia and Vietnam for decades,” she said. “To assess local opportunities, the best way is to have local teams who understand what the market needs and whether a project is bankable.”

She also highlighted the megatrends underpinning demand for infrastructure—from urbanisation to digital connectivity and the AI wave. “These trends present compelling growth opportunities for LPs. Through our partnership with AIIB, we can enhance the credibility of projects in these markets and provide investors with access to high-potential returns,” she added.

Creating value through integrated ecosystems

At another session, “Investing in the Future: Harnessing Technology to Develop Sustainable Infrastructure”, Mr Loh elaborated on Keppel’s integrated approach, noting that “It is no longer just about building, say, a data centre. It is about providing an ecosystem, and this is where Keppel differentiates itself.”

This ecosystem-based approach is already taking shape in Keppel’s landmark projects. One example is the Bifrost Cable System—the first subsea cable directly connecting the western coast of North America to Singapore via Indonesia through the Java Sea and Celebes Sea. Slated for completion in end-September 2025, Bifrost is expected to generate an internal rate of return of over 30% for Keppel and its private fund co-investors, while securing long-term operating income for the Company over 25 years.

In the energy space, Keppel is leading the development of Singapore’s first hydrogen-compatible power plant—the Keppel Sakra Cogen Plant—which will boost the Company’s generation capacity by close to 50% and support the city-state’s energy security and decarbonisation goals.

“These comprehensive initiatives allow us to provide an ecosystem that hyperscalers are looking for,” Mr Loh added, referencing Keppel’s strategic framework agreement with Amazon Web Services to collaborate on data centres, subsea cables and renewable energy globally.

A growing platform for scalable impact

As a global asset manager and operator, Keppel’s model integrates fund management with deep operating expertise, enabling it to develop, scale, and manage infrastructure portfolios that deliver strong value to multi-stakeholder groups. With the AIIB partnership, this model gains further momentum in markets where capital, credibility, and capability must converge to unlock transformational infrastructure.

Through its expanding partnerships, quality investment platforms and with boots-on-the-ground, Keppel is well-positioned to help narrow Asia Pacific’s infrastructure gap while creating strong returns for investors and meaningful impact on communities.