Industry trade

DP World and CDPQ signal long-term port and logistics park settlement with Maspion Group in Indonesia


A strategic partnership between DP World and the widespread platform of CDPQ and Maspion Group
for a
1 USD.2 billion container port and industrial logistics park East Java

The mission will develop infrastructure and allow commerce in a quick rising financial system

Jakarta, Indonesia, March 5, 2021 / CNW Telbec / – DP World, the main supplier of good provide chain logistics, alongside its accomplice Caisse de dépôt et placement du Québec (CDPQ), a world funding group, right now signed a long run settlement with Indonesia Maspion Group, chief of the conglomerate, is launching the development of a global container port and an industrial logistics park in Gresik. Work on the tasks is anticipated to start within the third quarter of 2021, with a complete funding of as much as 1 USD.2 billion, enhancing East Java place itself as a key business gateway for Indonesia.

The signing ceremony came about within the presence of the Minister Coordinator of Maritime Affairs and Investments of the Republic of Indonesia, M. Luhut Binsar Pandjaitan, and the United Arab Emirates’ Minister of Power and Infrastructures, SE Suhail Al Mazrouei, in Jakarta on the Indonesia-Emirates Superb Week 2021 Constructing Path In the direction of Financial Restoration enterprise discussion board. The signatories of the formal agreements are Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, and Dr. Alim Markus, Chairman and CEO of Maspion Group.

As a part of this settlement, a three way partnership might be created between DP World and the worldwide funding platform CDPQ and Maspion Group, the primary of its form within the Indonesian transport sector involving a international direct investing accomplice (IDE) and an Indonesian non-public sector firm. DP World Maspion East Java will turn into the only operator of a contemporary worldwide container port with a nominal capability of as much as three million twenty-foot equal items (TEU). DP World and CDPQ can even work with Maspion Group to develop an built-in industrial and logistics park, adjoining to the container terminal, with an preliminary space of ​​110 hectares with the potential for future growth. The park will present a world-class enterprise setting for nationwide and worldwide companies to stimulate financial progress and create jobs.

Since its launch 4 years in the past, the 8.2 billion US {dollars} The DP World-CDPQ platform has invested in 10 port terminals around the globe and at completely different levels of the asset lifecycle. This funding will permit the partnership to pursue its goals of additional diversifying its attain when it comes to geography and commerce routes.

Sultan Ahmed Bin Sulayem, Chairman of the Group and CEO of DP World, stated: “The partnership with Maspion Group is a vital improvement in our international community of ports and logistics. Indonesia is quickly rising as one of many world’s largest economies. This mission will create a contemporary and environment friendly infrastructure, in addition to an industrial zone providing high quality logistics. DP World’s enterprise mannequin and imaginative and prescient are aligned with President Jokowi’s imaginative and prescient to drive quicker financial progress via the event of enterprise infrastructure, extra funding alternatives and job creation. “

Emmanuel Jaclot, Government Vice-President and Head of Infrastructure on the CDPQ, stated: “Because of this partnership with Maspion, the CDPQ is delighted to make its first funding in infrastructure. Indonesia, a fast-growing market that advantages from favorable structural traits. It additionally represents an vital milestone for our joint platform with DP World with the addition of a primary greenfield port to our portfolio of top quality property which have demonstrated their resilience over the previous 12 months regardless of vital modifications. within the international provide chain panorama. “

Dr. Alim Markus, Chairman and CEO of Maspion Group, stated: “Maspion Group is dedicated to supporting Indonesia sustainable financial improvement to be aligned with President Jokowi’s grand plan to Indonesia the world’s fifth largest financial system. Surabaya is a vital gateway in Indonesia and the existence of this container port will additional improve financial improvement and funding alternatives in Indonesia. “

The inauguration of the container terminal is anticipated to happen in 2021 and business operations are anticipated to start out in 2023. The mission will increase East Java infrastructure beneath the president By Joko Widodo imaginative and prescient to speed up financial progress via its Indonesia Golden Era 2045 technique.

About DP World
We’re the world’s main supplier of end-to-end clever provide chain logistics, enabling the movement of commerce throughout the globe. Our complete portfolio of services covers all elements of the built-in provide chain – from marine and inland terminals to marine companies and industrial parks, in addition to technology-driven buyer options.

We offer these companies via an interconnected international community of 136 enterprise items in 61 international locations on six continents, with a major presence in each excessive progress and mature markets. All over the place we function, we combine sustainability and accountable company citizenship into our operations, striving to make a constructive contribution to the economies and communities by which we dwell and work.

Our devoted, various {and professional} crew of greater than 53,360 staff of 137 nationalities are dedicated to delivering unmatched worth to our clients and companions. We do that by specializing in mutually helpful relationships – with governments, shippers, merchants and different stakeholders all through the worldwide provide chain – relationships constructed on a basis of mutual belief and lasting partnership.

We predict forward, anticipate change and deploy innovative digital know-how to additional increase our imaginative and prescient to disrupt international commerce and create the neatest, best and modern options, whereas guaranteeing constructive impression and sustainable on economies, societies and our planet.

In regards to the CDPQ
On the Caisse de dépôt et placement du Québec (CDPQ), we make investments constructively to generate long-term sustainable returns. As a world funding group managing funds for public pension and insurance policy, we work alongside our companions to construct companies that drive efficiency and progress. We’re energetic in the primary monetary markets, non-public fairness, infrastructure, actual property and personal debt. Like a December 31, 2020, The online property of the CDPQ quantity to CAD 365.5 billion. For extra info go to cdpq.com, Observe us on Twitter or seek the advice of our Fb or LinkedIn pages.

About Maspion Group
Maspion Group is likely one of the main diversified and built-in enterprise teams in Indonesia, with the services provided embody dwelling home equipment, flat rolled aluminum, aluminum extrusion, industrial areas, motels and banking companies. Along with growing its personal firms, Maspion Group has attracted a number of revered multinational firms to turn into three way partnership companions. At present, Maspion Group employs round 25,000 individuals in six industrial zones East Java and in Cibitung, West Java. Maspion Group is well-known for its slogan “Love Indonesian merchandise”.

SOURCE Caisse de dépôt et placement du Québec

For extra info: FOR MEDIA INQUIRIES, PLEASE CONTACT: Roland Buerk, Media Relations Supervisor, DP World, +971 50 6287856, [email protected]; Conrad Harrington, Senior Director, Worldwide Media Relations, CDPQ, +1 514 847 5493, [email protected]; Hakam Kherallah, Head of Worldwide Media Relations, DP World, +971 50 5522610, [email protected]; Welly Muliawan, CFO, Maspion Group, + 62-31-3531445, [email protected]

Associated hyperlinks

https://www.cdpq.com/





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