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:
The Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Department of Education and Knowledge (ADEK) have awarded the contract for the Zayed City Schools PPP project in Abu Dhabi to a consortium led...
Read moreSharjah Electricity, Water and Gas Authority (SEWA), has launched a Request for Expression of Interest (RFEOI) seeking a private partner for the development of an Independent water plant (IWP) in Hamr...
Read moreBee’ah and Masdar consortium, the project owners of the Sharjah waste-to-energy (WTE) plant concession, has announced the completion of construction works for the project in the United Arab Emir...
Read moreEgis, the major international group in the consulting, engineering and operations services has announced its acquisition of Waagner Biro Bridge Services group of companies. The acquisition inclu...
Read moreThe Sharjah Electricity, Water and Gas Authority (SEWA) has awarded to Metito the Hamriyah seawater reverse osmosis (SWRO) plant restoration project in the United Arab Emirates. The selected partner...
Read more