UAE says Djibouti govenrment illegally seizes DP World port

The port was consigned to DP World in 2006 as its operator in a long term contract. (File Photo AP)

Dubai government said on Thursday that the government of Djibouti has illegally seized Doraleh port from Dubai owned DP World .

The port was consigned to DP World in 2006 as its operator in a long term contract and is currently the largest employer in the country.

The government of Djibouti has been disputing DP World’s claim on the port since 2014 and only on Tuesday a London-based arbitration panel has ruled in favor of DP World.

The long-running dispute initiated by Djibouti in 2014, claimed that DP World had made illegal payments to Abdourahman Boreh, the head of the country’s port and free zone authority, to secure a commission to operate the country’s Doraleh Container Terminal.

The tribunal, consisting of Lord Leonard Hoffmann, Sir Richard Aikens and Peter Leaver QC, dismissed Djibouti’s claims in its partial final award made on Tuesday, holding Djibouti liable to pay all legal costs.

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Last Update: Wednesday, 20 May 2020 KSA 09:56 - GMT 06:56
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