CDPQ announces US$5 billion investment in three UAE assets

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CDPQ has announced an investment of US$5 billion in three DP World’s assets located in the United Arab Emirates.

CDPQ will invest US$2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22%. The rest of the transaction will be financed by debt, with other long-term investors having an opportunity to acquire additional stakes of up to US$3 billion.

The three assets are valued at approximately US$23 billion and generated US$1.9 billion of pro-forma revenue in 2021. Following are the details for each asset:

  • Jebel Ali Port (JAP) — an international gateway port located to serve the East-West trade corridor through its connectivity to 150 cities globally via 180+ shipping lanes;
  • Jebel Ali Free Zone (JAFZ) — the free zone with company offices from 140 countries, including approximately 150 Fortune 500 enterprises;
  • National Industries Park (NIP) — a 21 km2 area designated for manufacturing and processing companies.

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