DP World and global institutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment through a new commitment of US$4.5bn that will increase the total size of the platform to US$8.2bn.
The Dubai-based company holds a 55% share while CPRQ owns the remainder of the platform, which has invested in 10 port terminals across North America, Latin America and Asia Pacific and across various stages of the asset life cycle.
The enhanced platform will continue to target assets globally, but with an increased scope to broaden its footprint in existing geographies, as well as new regions such as Europe and Asia Pacific.
The investment platform will pursue its deployment and diversification objectives by expanding across a wider part of the integrated marine supply chain, such as logistics services linked to terminals.
Sultan Ahmed bin Sulayem, group chairman and CEO, DP World, stated: “The opportunity for the port and logistics industry is significant and the outlook remains positive as consumer demand triggers major shifts across the global supply chain.
“Best-in-class, well connected ports and efficient supply chains will continue to play an active role in advancing global trade and cultivating the business environments closest to their operations.”
Emmanuel Jaclot, executive vice-president and head of infrastructure at CDPQ, said: “The enhanced platform will seek investments in high-quality port and terminal infrastructure assets that will help design the future of smart trade and logistics.
“As we take the next step in our partnership, we will further diversify our geographic reach and look to seize new opportunities in a sector that, even during a uniquely challenging period, is driven by long-term fundamental trends.”
According to the terminal operator, the ports sector has demonstrated a “fair degree” of resilience towards the impacts of COVID-19 and shifts in global supply chains.
The company believes it is well positioned to face the current challenges experienced by the industry following investments in logistics capabilities, combined with maritime services operations and its ports and terminals network, providing end-to-end supply chain solutions.