DP World to continue investing in Djibouti

Dubai: DP World on Wednesday made a statement following the judgment of the Justice Flaux, in the English Commercial Court, in the case of Republic of Djibouti and others versus Abdourahman Mohamed Mahmoud Boreh and others (2012 Folio 1333).
The statement said: "We have invested significantly in Djibouti over the past 14 years and are proud of the major contribution we have made. We are therefore pleased that the English courts have rejected the allegations made against Boreh, and indirectly against DP World. We remain disappointed that the Government commenced these proceedings and its arbitration against DP World, which is based on essentially the same charges the court has now rejected. We look forward to continuing to contribute to Djibouti's economy and its community, and building on our successful and proud record in this region. We will now move forward in earnest to defend our position but we hope that is not necessary as a result of today's judgment."
- business@khaleejtimes.com

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