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DP World completes acquisition of Fraser Surrey Docks

DP World completes acquisition of Fraser Surrey Docks
DP World has acquired Fraser Surrey Docks
DP World
DPW
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Dubai – Mubasher: DP World has completed the acquisition of Canada’s Fraser Surrey Docks, the largest modern and multi-purpose marine terminal on the West Coast of North America, adding to its terminal operations in Canada.

The Emirati company has acquired the marine terminal, which offers bulk, breakbulk, and general cargo services to customers, from Macquarie Infrastructure Partners (MIP) and Caisse de dépôt et placement du Québec (CDPQ).

The acquisition is part of DP World’s partnership with CDPQ to set a $3.7 billion platform to invest in ports and terminals worldwide.

Commenting on the acquisition, DP World’s group chairman and CEO, Sultan Ahmed bin Sulayem, said: “DP World has been seeing growing demand from our customers for multi-purpose facilities in the region and we believe Fraser Surrey Docks has the relevant infrastructure and is in the right location to service this demand.”

Meanwhile, the CEO and managing director of DP World Americas, Matt Leech, remarked: “This new addition to DP World’s portfolio provides unique prospects for additional growth in the dynamic Canadian business environment.”