The United Arab Emirates’ (UAE) global port operator Dubai Ports (DP) World said Tuesday (11 September 2018) that it will continue defending its rights after Djibouti government nationalized Doraleh Container Terminal SA (DCT) on Sunday (9 September 2018).
DP World said it will pursue “all legal means to defend its rights as a shareholder and concessionaire in Doraleh Container Terminal SA (DCT)” in the face of Djibouti’s “blatant disregard of the law and commercial contracts,” UAE state news agency WAM reported.
The President of Djibouti enacted a decree that transferred the shareholding of Port de Djibouti SA (PDSA) in Doraleh Container Terminal SA (DCT) to the government of Djibouti on Sunday (9 September 2018).
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