DP World seeks $ 210.2 million in compensation from Djibouti

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Documents seen by Reuters revealed that DP World, the world’s largest port operator, is seeking compensation of $ 210.2 million from Djibouti over an ongoing legal dispute over port concession rights.

There has been a dispute between DP World and Djibouti since 2012 regarding a concession granted to the company to operate the Doraleh container terminal on the Horn of Africa on important trade routes at the southern entrance to the Red Sea. The government of Djibouti removed the station from the Dubai-controlled DP World in 2018. The London Court of International Arbitration had previously ruled that the concession granted to DP World was legal and binding and ordered Djibouti to return the rights of the company.

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Source: Al-Ayyam newspaper







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