DP World and the Saudi Arabia-based the investment manager for the General Organisation for Social Insurance Hassana Investment Company, which owns one of the world’s largest pension funds announced an investment of approximately USD 2.4 billion in three of DP World’s flagship UAE assets. This sale of a strategic minority stake in Jebel Ali Port in Jebel Ali Free Zone and National Industries Park follows on the earlier transaction that successfully closed in June 2022.Hassana will invest approximately USD 2.4 billion in a new joint venture with DP World through which it will hold its economic interest in a stake of approximately 10.2% in the three UAE assets. The investment by Hassana implies a total enterprise value of approximately USD 23 billion for the three assets.The Jebel Ali Port, Free Zone and National Industries Park together comprise a best-in-class group of infrastructure assets, with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of over 9,000 companies from around the world, serving more than 3.5 billion people globally. The three assets generated pro-forma 2021 revenue of US$1.9 billion.After this investment, which closed on 19 December 2022, the three assets will remain fully consolidated businesses within the DP World Group, and their day-to-day operations, customers, service providers and employees will not be affected.
DP World and the Saudi Arabia-based the investment manager for the General Organisation for Social Insurance Hassana Investment Company, which owns one of the world’s largest pension funds announced an investment of approximately USD 2.4 billion in three of DP World’s flagship UAE assets. This sale of a strategic minority stake in Jebel Ali Port in Jebel Ali Free Zone and National Industries Park follows on the earlier transaction that successfully closed in June 2022.Hassana will invest approximately USD 2.4 billion in a new joint venture with DP World through which it will hold its economic interest in a stake of approximately 10.2% in the three UAE assets. The investment by Hassana implies a total enterprise value of approximately USD 23 billion for the three assets.The Jebel Ali Port, Free Zone and National Industries Park together comprise a best-in-class group of infrastructure assets, with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of over 9,000 companies from around the world, serving more than 3.5 billion people globally. The three assets generated pro-forma 2021 revenue of US$1.9 billion.After this investment, which closed on 19 December 2022, the three assets will remain fully consolidated businesses within the DP World Group, and their day-to-day operations, customers, service providers and employees will not be affected.
