DP World, CDPQ to invest $5bn in UAE

CDPQ will take approx 22% stake in Jebel Ali Port, Jebel Ali Free Zone, and National Industries Park

DP World and CDPQ, a global investment group, announced an investment of $5 billion in three of DP World’s flagship UAE assets. CDPQ will invest $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 percent (through a sub-concession of up to 35 years) with the remainder of the transaction being financed by debt,” according to an official statement from DP World.