Independent journal on economy and transport policy
14:49 GMT+1
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The Canadian pension fund CDPQ invests in the port of Jebel Ali
It will also acquire stakes in the Jebel Ali Free Zone and the National Industries Park. Five billion dollars made available
June 6, 2022
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).
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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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
