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Sign in Sign up for a FREE subscriptionDP World, CDPQ announce $5b investment in strategic assets in the UAE
DP World, a global infrastructure-led supply chain solutions provider, and CDPQ, a global investment group, announced an investment of $5 billion in three of DP World's flagship UAE assets.
CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22 percent, with the remainder of the transaction being financed by debt. Other long-term investors will have the opportunity to acquire an additional stake of as much as $3 billion. The transaction implies a total enterprise value of approximately $23 billion for the three assets.
The Jebel Ali Port, Free Zone and National Industries Park comprise a best-in-class group of infrastructure with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of more than 8,700 companies from around the world, serving more than 3.5 bi