Monday, April 17, 2006

Shipping: Dubai Ports World to invest $300 million in new terminal

Dow Jones Newswires reports that Dubai Ports World, will develop a $300 million container terminal in Doraleh at the Port of Djibouti, the Khaleej Times newspaper reported Sunday.

The paper quoted Mohammed Sharaf, chief executive officer of DP World, as saying the project is part of a strategy aimed at fulfilling demands of the company's clients in regions where DP World's services are most needed.