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: