FINANCIAL NEWS

Dubai’s DP World signs USD2.6b deal to acquire EZW

20 Mar 2015

(MENAFN) DP World Limited closed the USD2.6 billion acquisition of Economic Zones World (EZW) from Port and Free Zone World (PFZW).

EZW’s key asset is the Jebel Ali Free Zone (JAFZ), which is one of the largest free zones in the GCC and a major industrial and commercial development in Dubai.

The acquisition will allow DP to enhance its position as the leading logistics hub in the Middle East region, accelerate growth and deliver shareholder value.

“We are very pleased to have reached the close of this acquisition which is compelling from both a strategic and financial perspective,” the chairman of DP World said.

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