The port operator says none of its projects are frozen
Dubai’s DP World says it is now reviewing its international projects.
DP World is a subsidiary of Dubai World which is currently trying to restructure its debt.
Mohammed Sharaf, chief executive officer of DP World, dismisses the idea that any of its projects have been stopped.
“We have not frozen any projects, they are all currently under review until further announcement,” Sharaf says.
DP World operates 49 terminals internationally and took over the management of DP World Djen Djen and DP World Djazair ports in Algeria this year.
In September, the company said that container volumes were down eight per cent for the first nine months of this year, compared to the same time in 2008.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.