DP World Limited (DP World) and its wholly owned subsidiary, DP World FZE, have entered into an agreement on the proposed acquisition of Economic Zones World FZE (EZW) for a total cash consideration of USD 2.6 billion.

EZW is a provider of industrial and logistics infrastructure, which comprises five business units: Jebel Ali Free Zone FZE (JAFZ), JAFZA Enterprises FZE, EZW Corporate, Business Center World FZE, and Emerging Business Units.

JAFZ, EZW’s primary business unit representing 97 per cent of revenue and operating profit for the year ended December 31, 2013, is a 57 square kilometre modern commercial and industrial logistics park adjacent to DP World’s flagship Jebel Ali port in Dubai. The free zone is an integral component of the supply chain for DP World’s customers at the Jebel Ali port.