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Dubai media back DP World after Djibouti ruler seizes terminal
来源： 编辑：编辑部 发布：2018/02/28 14:34:01
THE Djibouti government's move to "illegally seize" the Doraleh Container Terminal operated by DP World will badly damage the country's reputation among foreign investors, says and commentary in Dubai's Khaleej Times.
At the time of the seizure last week, the office of national President Ismail Omar Guelleh stated: "The Republic of Djibouti has decided to proceed with the unilateral termination with immediate effect of the concession contract awarded to DP World.
After losing an arbitration that exonerated the Dubai port operator of wrongdoing, Djibouti unsuccessfully sued state-owned DP World over allegations that the port operator bribed an ex-port authority boss in exchange for favourable terms for the concession.
Djibouti now says its seizure serves the "sovereignty of the state and the economic independence of the country". The terminal will now be run by a state-owned management company, it said.
Dubai-based DP World and the Djibouti government had signed a deal to design, build and operate the terminal under 30-year concession deal, said the commentary.
"But the East African country's government resorted to a campaign to force the global ports operator to renegotiate the terms of concession," it said.
According to DP World, the Djibouti government has been trying to use the law against concession contracts since December 2017 so it issued a final demand that the contract be renegotiated by February 21.
"When that didn't happen the contract was terminated by presidential decree, and expropriation of all of the assets of Doraleh Container Terminal took place," said the Khaleej Times.
Said Dubai's Gulf News: "DP World has contributed hundreds of millions of dollars of direct and indirect economic benefits to Djibouti, enhancing the African country's attractiveness as an investment destination in East Africa.
The Gulf News commentary continued: "DP World, one of the world's biggest ports operators, said its terminal in Djibouti is the "largest employer and biggest source of revenue in the country".
At the time of the seizure last week, the office of national President Ismail Omar Guelleh stated: "The Republic of Djibouti has decided to proceed with the unilateral termination with immediate effect of the concession contract awarded to DP World.
After losing an arbitration that exonerated the Dubai port operator of wrongdoing, Djibouti unsuccessfully sued state-owned DP World over allegations that the port operator bribed an ex-port authority boss in exchange for favourable terms for the concession.
Djibouti now says its seizure serves the "sovereignty of the state and the economic independence of the country". The terminal will now be run by a state-owned management company, it said.
Dubai-based DP World and the Djibouti government had signed a deal to design, build and operate the terminal under 30-year concession deal, said the commentary.
"But the East African country's government resorted to a campaign to force the global ports operator to renegotiate the terms of concession," it said.
According to DP World, the Djibouti government has been trying to use the law against concession contracts since December 2017 so it issued a final demand that the contract be renegotiated by February 21.
"When that didn't happen the contract was terminated by presidential decree, and expropriation of all of the assets of Doraleh Container Terminal took place," said the Khaleej Times.
Said Dubai's Gulf News: "DP World has contributed hundreds of millions of dollars of direct and indirect economic benefits to Djibouti, enhancing the African country's attractiveness as an investment destination in East Africa.
The Gulf News commentary continued: "DP World, one of the world's biggest ports operators, said its terminal in Djibouti is the "largest employer and biggest source of revenue in the country".