The two companies are expanding with a new commitment of 16.5 billion dirhams
30 billion dirhams investments for the "DP World" and "CDBQ" platform
Since its launch in 2016, the platform has invested in 10 international ports and container terminals.
From the source
Sultan Bin Sulayem: "Investment opportunities in the port and logistics sector are of great importance."
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Dubai Ports World and the global investment firm La Case de Depo e Plasmann de Quebec (CDPQ) announced the expansion of their investments in the field of ports and container terminals, through a new commitment of $ 4.5 billion (16.515 billion dirhams). ), Which will increase the total size of the global investment platform, to $ 8.2 billion (more than 30 billion dirhams).
Dubai Ports World owns a 55% stake in the platform, while the Canadian "La Case de Depot e Blasman de Quebec" owns 45%.
Targeting assets
According to a statement issued yesterday, since its launch in December 2016, the platform has invested in 10 ports and container terminals worldwide, and through various stages of the asset life cycle.
The enhanced platform will continue to target assets globally, but across an expanding scale of its business in new and existing regions, such as Europe and the Asia Pacific region.
The investment platform will seek to achieve expansion and diversify its objectives, by strengthening its roles in integrated maritime supply chains, such as logistics services associated with container terminals.
Success
Sultan Ahmed Bin Sulayem, Chairman and CEO of the Dubai Ports World Group, said, “The partnership between (DP World) and (La Case Depot e Blasman de Quebec) achieved great success, and we were able to benefit from each other's experiences. The investment opportunities in the port and logistics sector are of great importance, and the outlook is still positive, given the significant shifts in consumer demand across global supply chains.
Bin Sulayem added that "the interconnected leading ports and highly efficient supply chains will continue to play an active role in advancing global trade movement and developing business environments closer to their business."
He continued, "With" La Cais de Depot e Plasmann de Quebec ", our distinguished partner with whom we share a long-term vision, we look forward to working together in new investments that will link the major international trade sites worldwide.
Seize the opportunities
For his part, Executive Vice President and Infrastructure Officer of "La Case de Depot e Plasmann de Quebec", Emmanuel Jaclot, said: “Based on the success of the first cooperation with our strategic partner, (DP World), the global leader in the port and container terminals sector. », The enhanced platform will seek to invest in high-quality infrastructure assets for ports and container terminals, which will help develop future plans to support logistics services and smart trade.
He added that "coinciding with the transition to the next stage in our partnership, we will expand our geography, and we will look to seize new opportunities in a sector driven by long-term fundamental trends, even in unprecedentedly challenging periods."
Strategic investments
During the past months, the port sector has demonstrated a good degree of flexibility in overcoming obstacles and challenges, despite the effects of the "Covid-19" pandemic and the transformations that have occurred in the global supply chain landscape.
Through strategic investments in digital technology and automation, DP World has finally been able to enhance its logistical capabilities, along with marine services, the network of ports and global container terminals, to provide a full range of smart and integrated supply chain solutions.
The platform seeks to diversify its objectives, by strengthening its role in integrated maritime supply chains.
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