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02:40 GMT+2
June 6, 2022
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Canadian pension fund CDPQ invests in the port of
Jebel Ali
It will also acquire stakes in Jebel Ali Free
Zones and in the National Industries Park. Five made available
billions of dollars
The Canadian pension fund Caisse de Dépôt et
Placement du Québec (CDPQ) will invest five billion
of dollars to acquire a stake of about 22% in a
new joint venture with the terminalista group DP World of Dubai that
will manage the port of Jebel Ali, the Jebel Ali Free Zone and the
Dubai National Industries Park (NIP) under a contract
of concession for a period of 35 years.
The agreement provides that the investment of five billion
dollars, half of which were made through recourse to credit,
is carried out in the second or third quarter of this year.
In addition, a second tranche of up to three billion
dollars through the acquisition of additional shares by
long-term investors that will be completed
by the end of 2022.
CDPQ and DP World have been collaborating for some time in the context of a
specific investment platform agreed at the end of 2016
(
of 5
December 2016 and 3
September 2020).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
The Canadian pension fund Caisse de Dépôt et
Placement du Québec (CDPQ) will invest five billion
of dollars to acquire a stake of about 22% in a
new joint venture with the terminalista group DP World of Dubai that
will manage the port of Jebel Ali, the Jebel Ali Free Zone and the
Dubai National Industries Park (NIP) under a contract
of concession for a period of 35 years.
