DP World, Port of Fujairah End Concession Deal

Dubai-based port operator DP World and the Port of Fujairah have reached an agreement to terminate the Fujairah Port concession deal entered into in 2005.

The concession contract signed between the parties was on a build, operate and transfer basis (BOT) to expand and develop the Fujairah Container Terminal at the port for container handling and transshipment.

Following the termination deal, signed by Mohammed Al Muallem, Senior Vice President and Managing Director of DP World UAE Region and Capt. Mousa Murad, General Manager, Port of Fujairah, both parties have completed the transfer of operations from DP World to the Port of Fujairah authorities.

“The termination and handover of the management of the port is taking place in accordance with the conditions of the agreement. We are proud of our record in supporting our partners in Fujairah, developing the capability of the port and its efficiency and we wish them continued success,” Mohammed Al Muallem, DP World UAE Region SVP and Managing Director, said.

“We will continue to work closely with them to build on our strategic partnership and to ensure the interests of our customers and the country,” Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >