Addleshaw Goddard advised DP WORLD on the matter.
The platform, which was created in partnership with CDC Group, will invest in origin and destination ports, inland container depots, economic zones and other logistics across Africa.
The investment platform will be seeded initially with three of DP World’s assets in Dakar (Senegal), Sokhna (Egypt) and Berbera (Somaliland).
Over the next several years, DP World plans to invest a further US$1bn through the platform and CDC Group up to a further US$400m.
By 2035, the ports invested in through the platform are expected to support stable employment for around 5 million people indirectly.
AG advised DP World on all elements of the transaction. The cross-border team was led by AG partners Ian Le Pelley (Picture), Angus Rollo and Paul Jones.
Law Firms: Addleshaw Goddard;
Clients: DP World;