DUBAI: Port operator DP World says it will create a joint investment project with India’s National Investment and Infrastructure Fund to develop ports and other logistics businesses in the country worth up to $3 billion.
DP World made the announcement in a statement Monday, saying it will look beyond seaports to “river ports and transportation, freight corridors, port-led special economic zones, inland container terminals and logistics infrastructure including cold storage.”
Abu Dhabi Investment Authority in October announced a $1 billion investment in India’s National Investment and Infrastructure Fund, which itself operates like a sovereign wealth fund.
DP World is one of the world’s biggest port operators. The government-backed port operator trades on the NASDAQ Dubai.
DP World and India wealth fund partner to develop ports, logistics businesses
DP World and India wealth fund partner to develop ports, logistics businesses
