DP World seems set to diversify its global portfolio and add logistics services, following a $4.5bn commitment to its investment platform with investor partner Caisse de Dépôt et Placement du Québec (CDPQ).
The additional funds are deemed to bring the platform to $8.2bn.
In the past four years, the pair have invested in 10 port terminals and the new funds will allow them to continue to target global assets “in existing geographies, as well as new regions such as Europe and Asia Pacific”.
DP World also said it would look to expand “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. 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.~Sultan Ahmed Bin Sulayem, Group chairman and CEO
“We look forward to working together on new investments that will connect key international trade locations worldwide”, he added.
“The enhanced platform will seek investments in high-quality port and terminal infrastructure assets that will help design the future of smart trade and logistics.~Emmanuel Jaclot, Head of Infrastructure at CDPQ
“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”, he added.
The platform is 55% held by DP World and 45% held by CDPQ.