Dubai’s DP World seeks $210.2m in damages from Djibouti
article author: Arab NewsAuthor: Wed, 2021-04-14 12:58
DUBAI: Dubai’s DP World, one of the world’s largest port operators, is seeking $210.2 million in damages from Djibouti’s government in an ongoing legal battle over port concession rights, documents related to the dispute, seen by Reuters, showed.
DP World and Djibouti have since 2012 been locked in the dispute over DP World’s concession to operate the Doraleh Container Terminal, which is located in the Horn of Africa along key trade routes at the southern entrance to the Red Sea. Djibouti seized the terminal from state-owned DP World in 2018.Main category: Business & EconomyTags: DubaiDP WorldDjibouti
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