Linklaters advised Emirati multinational logistics company DP World on its joint venture with Indonesia’s conglomerate Maspion Group on the proposed development and operation of a US$1.2 billion international container port in Gresik, East Java.
The firm also advised DP World in a joint venture arrangement with a Quebec-based institutional investor, Caisse de dépôt et placement du Québec (CDPQ), and Maspion Group in relation to the container port.
The project is the first joint venture in the Indonesian transportation sector involving a foreign direct investor partner and an Indonesian private company, and marks the first infrastructure investment in Indonesia for CDPQ.
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