Platform will also explore new investments in diversified and integrated supply chain support services
DP World and Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, have announced the expansion of their ports and terminals investment through a new commitment of US$ 4.5bn, that will increase the total size of the platform to US$ 8.2bn. DP World holds 55% share of the platform, and CDPQ the remaining 45%.
Since its launch in December 2016, the platform has invested in 10 port terminals globally and across various stages of the asset life cycle. The enhanced platform will continue to target assets globally, but with an increased scope to broaden its footprint in existing geographies, as well as new regions such as Europe and Asia Pacific.
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 opportunity for the port and logistics industry is significant and the outlook remains positive as consumer demand triggers major shifts across the global supply chain,” remarked Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
“As we take the next step in our partnership, we will further diversify our geographic reach and look to seize new opportunities in a sector that, even during a uniquely challenging period, is driven by long-term fundamental trends,” commented Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure, CDPQ.
Through recent strategic investments in automation and digital technology, DP World has strengthened its logistics capabilities, combined with their maritime services operations and worldwide network of ports and terminals, to provide a full suite of end-to-end smart supply chain solutions.
