DP Word and Quebec financial group expand on their "investment platform"

It's been a partnership that has seemingly worked well since 2016 and for DP World and the Quebe based financial group Caisse de dépôt et placement du Québec the future remains positive, with both announcing the expansion of their investment platform by 6 billion dollars.

The additional funding announced yesterday makes a total of 10.6 billion dollars for the two investors, with DP World holding 55 percent of the platform, and CDPQ 45 percent.

The pool of money is used towards investment in global port terminals, with the focus for future investment now looking towards Europe and the Asia Pacific theatre.

The fund is used for global infrastructure projects with a plan for the future towards some diversification with both partners looking to become involved in elements of the integrated marine supply chain, including areas of logistics services linked to terminals.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP world observed on the success of the current partnership and ow it will build on the long term vision that both share.

“The partnership between DP World and CDPQ has been very successful, and we have benefited from each other’s expertise. The opportunity landscape 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. Alongside CDPQ, a steadfast partner whose long-term vision we share, we look forward to working together on new investments that will connect key international trade locations worldwide.”

Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure for CDPQ offered up a glimpse at

some of the elements towards future growth that the funding will assist with.

“Building on the success of the first collaboration with our strategic partner, DP World, a world-class leader in ports and marine terminals, 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. 

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.”

Looking towards the future, DP World noted how their recent investments have served to strengthen their capabilities in the challenging times found in global shipping today.

As part of the information relay on the funding announcement, the global port operation observed that through recent strategic investments in automation and digital technology, it has strengthened its logistics capabilities.

The statement from yesterday also highlighted how those investments combined with their maritime services operations and worldwide network of ports and terminals, is serving to provide for a full suite of end-to-end smart supply chain solutions.

Those looking for an example of the success of their collaboration to date can be found as close as the Prince Rupert waterfront, where DP World operates the Fairview Container Terminal,  the waterfront facility is currently set for an ambitious expansion program over the next few years.

More background on the new investment plans can be reviewed here.

A look at DP World's operations in Prince Rupert can be examined here.

Cross posted from the North Coast Review.