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.