CDPQ announces US$5 billion investment in three UAE assets

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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.
List of the country updates

Country updates

  • May 26, 2022

    Commercial close reached for Schools PPP project in Zayed City

    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 more
  • May 23, 2022

    RFEOI launched for Hamriyah Independent Water Plant PPP project

    Sharjah 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 more
  • May 06, 2022

    Construction works completed for 30 MW waste-to-energy plant in Sharjah

    Bee’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 more
  • April 18, 2022

    Egis acquires Waagner Biro Bridge Services group of companies

    Egis, 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 more
  • April 04, 2022

    Contract awarded for Hamriyah seawater reverse osmosis (SWRO) plant PPP Project

    The 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

Share this update