Investcorp to Invest in Port of Duqm Expansion
Deal News | May 19, 2025 | Zawya
Investcorp, a global alternative investment firm, has announced its investment in a $550 million infrastructure project at the Port of Duqm in Oman. The investment is being made through Investcorp Aberdeen Infrastructure Partners (AIIP), a joint venture with Aberdeen plc. The project is set to expand the port's infrastructure as part of Oman’s Vision 2040, supporting the nation's goal to achieve carbon neutrality by 2050. The development involves the construction of new marine infrastructure and a green steel plant, which aligns with sustainable development objectives. The opportunity was secured through a competitive process. Alongside Investcorp, the consortium includes Port of Duqm Company, the DEME Group, and Port of Antwerp Bruges, operating under the name CAP INFRA. This investment is AIIP's fourth commitment and aligns with their strategy to develop partnerships in the MENA region.
Sectors
- Infrastructure Investment
- Green Technology
- Alternative Investments
Geography
- Oman – The investment is focused on the Port of Duqm, which is a critical infrastructure asset located in Oman.
- GCC and MENA Region – The investment strategy aligns with AIIP's focus on the GCC countries and the broader MENA region, reflecting geographical investment trends.
Industry
- Infrastructure Investment – The article discusses a significant infrastructure investment project at the Port of Duqm, highlighting the industry’s relevance in expanding port facilities and supporting economic development.
- Green Technology – The initiative to produce low-carbon and hydrogen-powered steel aligns with sustainable and green technology industries, aiming to reduce CO2 emissions.
- Alternative Investments – Investcorp’s role as a global alternative investment firm specializing in various asset classes, including private equity and real assets, underscores its focus on diverse investment strategies.
Financials
- $550 million – The total investment amount committed to the Port of Duqm infrastructure expansion by Investcorp.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Investor | Company | A global investment manager specializing in alternative investments, with a focus on creating long-term value. |
| Port of Duqm Company | Project Partner | Company | The company managing the strategic and operational aspects of the Port of Duqm. |
| DEME Group | Consortium Partner | Company | Part of the consortium CAP INFRA, involved in the infrastructure development at the Port of Duqm. |
| Port of Antwerp Bruges | Consortium Partner | Company | Partnered with CAP INFRA for the port development project. |
| Mohammed Alardhi | Executive Chairman | People | Chairman at Investcorp, commenting on the investment's strategic importance. |
| Sami Neffati | Managing Partner | People | Managing Partner of AIIP, remarking on the partnership's value. |
| Reggy Vermeulen | Chief Executive Officer | People | CEO of Port of Duqm Company, discussing the strategic partnership. |