DP World Limited DP World Limited Response to Recent Press Reports (7987L)
July 09 2014 - 2:00AM
UK Regulatory
TIDMDPW
RNS Number : 7987L
DP World Limited
09 July 2014
DP World Limited
Response to Recent Press Reports
Dubai, UAE 9 July 2014:-DP World Limited notes the recent press
reports and confirms that it has been notified that the Office of
the Inspector General of the Republic of Djibouti is investigating
the awarding of the Doraleh Container Terminal (DCT) concession and
has filed for arbitration before the London Court of International
Arbitration.
In order to maintain the operational status quo and to mitigate
disruption at the terminal, DP World will continue to manage DCT in
accordance with the terms of its concession agreement pending the
determination of the arbitral tribunal.
We reject the allegations made and will vigorously defend our
position during the arbitration procedure. We are disappointed that
the Djiboutian government has chosen to take this action after
working so closely with us as partners over the past 14 years. We
have invested significantly in Djibouti over those years and have
been a major contributor to its economy and to its community.
- END -
Investor Enquiries
Redwan Ahmed Jasmine Lindsay
Investor Relations Investor Relations
DP World Limited DP World Limited
Mobile: +971505541557 +971 48080812 (UAE direct)
Direct: +97148080842 redwan.ahmed@dpworld.com +971 504220405 (UAE mobile)
Jasmine.lindsay@dpworld.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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