Dubai – Mubasher: DP World and Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, have signed a partnership agreement to invest further $4.5 billion (CAD 6 billion) in their ports and terminals investment platform.

 The agreement will lead to increasing the total size of the platform to $8.2 billion (CAD 10.6 billion), enabling the platform to target more assets globally and expand in new regions such as Europe and the Asia Pacific, according to a press release on Thursday.

Moreover, the investment platform will add to its portfolio a wider part of the integrated marine supply chain, such as logistics services linked to terminals.

Since its launch in December 2016, the platform, in which DP World owns 55% share and CDPQ holds the remaining 45%, has invested in 10 port terminals globally.

The Group Chairman and CEO of DP World, Sultan Ahmed bin Sulayem, said: "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."

Meanwhile, the Executive Vice-President and Head of Infrastructure at CDPQ, Emmanuel Jaclot, commented: "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."