Saturday 23 March 2019

Djibouti Port concession deal in place, says DP World

DUBAI, June 16, 2018

Dubai-based global marine terminal operator DP World has denied media reports stating that the company was looking for an out of court settlement with respect to the dispute with the Djiboutian government over their illegal action in taking control of the port at Doraleh. 
Rubbishing the reports, a DP World spokesperson said the concession agreement remained in place, and the action taken by the Djiboutian government was subject to legal process in the International court of Arbitration in London. 
“We await the outcome of this process. We remain committed to operating Doraleh port as per original agreement of the concession, and we will not consider any other alternative settlement option,” he added.-TradeArabia News Service

Tags: DP World | Djibouti Port |

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