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.
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