(MENAFN) Dubai-based DP World proclaimed that it has joined ties with Caisse de depot et placement du Quebec (CDPQ) to make USD3.7bn investment platform.
Additionally, DP World will have a 55 percent share in the new joint venture firm, which will invest in ports and terminals globally, excluding the UAE.
Meanwhile, it will also invest mainly in existing assets, but with up to 25 percent invested in Greenfield chances.
The investment vehicle will be powered with two of DP World's Canadian container terminals, located on the Pacific coast, with CDPQ acquiring 45pct share of assets.
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