DP World and CDPQ to invest US$5bn in UAE strategic assets
DP World and investment group CDPQ have announced an investment of US$5bn in three of the port operator’s flagship UAE assets, consisting of Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park.
CDPQ will invest US$2.5bn in the trio 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 US$3bn.
You need a free subscription to read the entire article.
Login if you have already subscribed.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
