Djibouti offers compensation to DP World over terminal dispute

The East African country Djibouti is again offering a compensation to DP World to settle the terminal dispute, writes Financial Times. As recently as last week, DP World defended its right to operate a terminal in the country.

Arkivbillede fra DP Worlds havn i Jebel Ali. | Photo: DP World

In the most recent development of the long-standing dispute between the Dubai-based terminal operator and the East African country, Djibouti is offering to pay compensation for "more or less half a billion dollars" to settle the conflict, says Aboubaker Omar Hadi, Chair of Djibouti Ports and Free Zones Authority (DPFZA), to Financial Times.

Hadi refuses that an arbitration case could solve the dispute and says DP World must accept that the company may no longer operate the container terminal in the country.

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