Dubai-based, global infrastructure-led supply chain solutions provider, DP World and its Canadian partner Caisse de dépôt et placement du Québec (CDPQ) Wednesday confirmed their plan to increase their investment platform with $4.5 billion.
The commitment will bring the total size of the platform to $8 billion.
DP World (55 per cent of the shares) and CDPQ (remaining shares) launched the platform in December 2016 and have investment 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, both partners said in a statement.
DP World, a leader supply chain solutions provider, operates dozens of marine ports and inland cargo terminals across the world including London and Antwerp to hubs in Africa, Russia, India and the Americas. It has shares in P&O Ferries and P&O Ferrymasters in Europe to Puertos y Logistica in Chile.
CDPQ invests in infrastructure assets that offer steady, long-term returns. The pension fund until June managed assets of C$333 billion ($255 billion). Its investments outside the U.S and Canada account for a third of its portfolio, according to its website.
Dubai-based DP World & Caisse de dépôt et placement du Québec (CDPQ) to inject further $4.5bn in investment platform
