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Québec’s big pension fund and DP World plan to invest $4.5 billion in world ports

Duke Point, Port of Nanaimo photo

Caisse de dépôt et placement du Québec (CDPQ) and DP World have announced they will inject an additional $4.5 billion in their joint, global portfolio of port terminals. This will raise to $8.2 billion the combined investment by the two parties since they formed their joint venture in 2016.

In Canada, the Dubai-based enterprise already has a substantial footprint, with terminals at the ports of Vancouver, Prince Rupert, Nanaimo, (pictured) Saint John and, most recently, at Fraser Surrey Docks in British Columbia. The fresh funds will be used expand the platform’s substantial footprint worldwide, including in Europe.

The investment platform will pursue its deployment and diversification objectives by expanding across a wider part of the integrated marine supply chain, such as logistics services linked to terminals.

 “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,” said Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World. “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. We look forward to working together on new investments that will connect key international trade locations worldwide,” Bin Sulayem added.

As an investor, the CDPQ has shown increased interest in infrastructure assets that offer steady long-term returns.