Hassana Investment Company (Hassana) and DP World invests almost $2.4 billion in three of DP World’s flagship UAE assets.
Hassana will invest the $2.4 billion in a new joint venture with DP World through which it will hold a 10.2% stake in the three UAE assets, Jebel Ali Port, Free Zone and National Industries Park.
“We are excited to announce this new partnership with DP World and our investment in Jebel Ali, a world-class infrastructure asset with a solid long-term track record. This partnership highlights our focus and strategy to invest in critical infrastructure assets in the region that we believe will deliver long-term sustainable returns. Favorable demographics and macro-economic drivers and investment in transformational projects will continue to support growth momentum regionally, while trade between the emerging economies of Asia and Africa is also expected to thrive,” Saad bin Abdulmohsen Al-Fadly, CEO of Hassana Investment Company, said.
After this investment, 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.
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