DP World partners with pension fund to form US$3.7bn investment platform

DP World has teamed up with Canadian pension fund, Caisse de dépôt et placement du Québec (CDPQ) to create a US$3.7bn platform for port investments.

DP World holds a 55% share while CDPQ has the remaining 45% of the platform which will invest in ports and terminals globally (excluding the UAE) across the life cycle of the asset, with a focus on investment grade countries.

It will also invest mostly in existing assets, but with up to 25% invested in greenfield opportunities, according to a statement from the terminal operator.