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SUBSIDIARY NAME

CATO RIDGE DRY PORT

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

PROCUREMENT

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

APR 22, 2022

ACQUISITION VALUATION

11 BILLION USD

TOTAL ASSET VALUATION

110 BILLION USD

TRANSPORT-AVIATION

CATO RIDGE DRY PORT: The Cato Ridge Development Project is aimed at improving the Ports efficiency and create additional capacity through decongestion of the Port Precinct and Durban CBD in an attempt to keep up with economic growth. The Cato Ridge Dry Port will improve Durban Port efficiency as it is one of the main determinants of international transport costs and this will reduce the overall cost of logistics.

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