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Asharq Al-Awsat
Asharq Al-Awsat
Business
Dubai - Asharq Al-Awsat

DP World, CDPQ Announce $5 Bn Investment in Strategic Assets in the UAE

DP World CDPQ UAE Group
The Jebel Ali Port in Dubai. (WAM)

DP World announced it was selling a minority share to CDPQ, a global investment group, 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, with the remainder of the transaction being financed by debt.

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