| Decision | Consent granted Section 12(1)(a) and Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 3 June 2025 |
| Pathways | Sensitive land - Residential land development (One-off purchase - Non-residential use) and Significant business assets |
| Investment | Acquisition of up to 100% of the issued and paid-up ordinary voting share capital in Aramex P.J.S.C. not already held by Abu Dhabi Ports Company P.J.S.C. |
| Value of New Zealand assets | $156,800,000 |
| Applicant | Q Logistics Holding LLC United Arab Emirates 100% |
| Vendor | Aramex PJSC United Arab Emirates 57% France 28% Middle East region 8% Various 7% |
| Background | The Applicant is a UAE company, and indirect subsidiary of Abu Dhabi Development Holding Company (ADQ). ADQ is a sovereign investor with a focus on critical infrastructure and supply chains. Its sole indirect shareholder is the government of the UAE. The Applicant is buying up to 100% of the shares of Aramex P.J.S.C. that are not already held by Abu Dhabi Ports Company P.J.S.C.. Aramex is a global courier and transportation services provider which has its headquarters in the United Arab Emirates and leases premises throughout New Zealand via its various subsidiaries. This application was subject to a national interest assessment because as a result of the investment a non-New Zealand government investor from the emirate of Abu Dhabi will acquire a more than 25% interest in significant business assets. The Minister of Finance has decided that the Investment is not contrary to New Zealand’s national interest. Consent was granted as the Applicant has met the investor test criterion and the non-residential use tests criteria. |
| More information | Tessa Baker Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |