UAE Business: DP World, CDPQ announce $5bn investment in UAE assets – Gulf Digital News

UAE Business: DP World, CDPQ announce $5bn investment in UAE assets – Gulf Digital News

DP World, one of the world's largest marine terminal operators, and CDPQ, a global investment group, announced today (June 6) 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%, with the remainder of the transaction being financed by debt.

Other long-term investors will have the opportunity to acquire an additional stake of up to $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 together 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 over 8,700 companies from around the world, serving more than 3.5 billion people globally. The three assets generated pro-forma 2021 revenue of $1.9 billion, said a statement.

* Jebel Ali Port (JAP) - A leading international gateway port and the second largest outside of Asia, ideally located to serve the East-West trade corridor through its