The Clap Hasana Investment acquired a strategic 10.2% stake of the Jebel Ali Port, affiliated with Dubai Ports World (DP World), in addition to the Jebel Ali Free Zone, and the National Industries Park.
What The deal is worth $2.4 billion, meaning the total investment value is about $23 billion for the three assets.
The assets will remain fully integrated within DP World, and its day-to-day operations, customers, service providers, and employees will not be affected.
Assets Jebel Ali Port, Jebel Ali Free Zone, and the National Industries Park together form a world-class integrated supply chain and logistics system for more than 9,000 companies from all over the world, serving more than 3.5 billion consumers globally.
The three assets generated initial revenues of $1.9 billion in 2021.