US$4.5bn to expand ports investment platform

Launched in December 2016 by DP World and global institutional investor Caisse de dépôt et placement du Québec (CDPQ), the platform has invested in 10 port terminals in North America, Latin America and Asia Pacific and across various stages of the asset life cycle. The enhanced platform will continue to target assets globally, but also target Europe and Asia Pacific.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “The partnership between DP World and CDPQ has been very successful, and we have benefited from each other’s expertise. The opportunity landscape for the port and logistics industry is significant and the outlook remains positive as consumer demand triggers major shifts across the global supply chain.

“Best-in-class well connected ports and efficient supply chains will continue to play an active role in advancing global trade and cultivating the business environments closest to their operations. Alongside CDPQ, a steadfast partner whose long-term vision we share, we look forward to working together on new investments that will connect key international trade locations worldwide.”

The investment platform will pursue its deployment and diversification objectives by expanding across a wider part of the integrated marine supply chain, such as logistics services linked to terminals.

The US$4.5bn increases the total size of the platform to US$8.2bn. DP World holds a 55% share of the platform, and CDPQ the remaining 45%. The platform has achieved its investment target of US$3.7bn since launching in 2016.