Sunday 23 January 2011

DP World Exploring Business Cooperation With Abu Dhabi, COO Says - Bloomberg

DP World Ltd., the Dubai government- controlled ports operator, may cooperate in business with Abu Dhabi and is not threatened by the neighboring emirate’s development plans, Chief Operating Officer Anil Wats said.

DP World said Dec. 30 it would hand over management of Abu Dhabi’s Mina Zayed port to Abu Dhabi Terminals in January and that the company didn’t reach a binding accord to manage the new Khalifa Port being built between the two cities.

DP World, the world’s fourth-biggest port operator, is comfortable with the capacity of its flagship Jebel Ali port in Dubai and will consider an expansion if demand is sufficient, Mohammed Al Muallem, the company’s managing director for the United Arab Emirates, told reporters on a tour of the facility today.

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