Together, Jebel Ali Port, Jebel Ali Free Zone and National Industries Park form a best-in-class infrastructure package with a strong long-term growth track record.
Together, the three entities form a world-class integrated supply chain and logistics ecosystem for more than 9,000 companies from around the world, serving more than 3.5 billion global consumers.
The three assets generated initial revenues of $1.9 billion in 2021.
Following the closing of the second tranche transaction on December 19, 2022, the three asset businesses will remain fully integrated into a group "DB World"Where daily operations, customers, service providers and employees will not be affected.
Said Sultan Ahmed bin Sulayem, Chairman of the Board of Directors "DB World" And the CEO, the new partnership will strengthen the group’s assets, and will strengthen the balance sheet, as well as enhance the continued flexibility of the business "DB World".
Said Saad bin Abdul Mohsen Al-Fadhli, CEO of the company "investment immunity" It is expected that the company’s business will continue to grow in the future due to the combination of favorable demographic factors, the growth of the region’s economies and the large investments in it. "In addition to our expectations of a boom in trade exchange between developing countries in Asia and Africa".
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This investment represents the second tranche of the sale of a minority stake in the group’s shares in Jebel Ali Port, Jebel Ali Free Zone, and the National Industries Park, after the successful closing of the first tranche deal, which took place in June 2022, according to the company’s statement issued on Wednesday.
The company will investimmunityAbout $2.4 billion in a new joint venture withDB WorldIn a share representing 10.2 percent of the three Emirati assets, the total investment value of these assets is expected to reach about $23 billion.
Together, Jebel Ali Port, Jebel Ali Free Zone and National Industries Park form a best-in-class infrastructure package with a strong long-term growth track record.
Together, the three entities form a world-class integrated supply chain and logistics ecosystem for more than 9,000 companies from around the world, serving more than 3.5 billion global consumers.
The three assets generated initial revenues of $1.9 billion in 2021.
Following the closing of the second tranche transaction on December 19, 2022, the business of the three assets will remain fully integrated into the dbworld group, with day-to-day operations, customers, service providers and employees unaffected.
Sultan Ahmed Bin Sulayem, Chairman and Chief Executive Officer of dbworld, said that the new partnership will strengthen the group’s assets, strengthen the balance sheet, and enhance the continued flexibility of dbworld’s business.
Saad bin Abdul Mohsen Al-Fadhli, CEO of Hasana Investment Company, said that the company’s business is expected to continue to grow in the future due to the combination of favorable demographic factors, the growth of the region’s economies and the large investments in it, “in addition to our expectations of a boom in trade exchange between developing countries in Asia and Africa.”