(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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.