Dubai Sues China for Building Free Trade Zone in DjiboutiNovember 5, 2018 - UNITED Arab Emirates (UAE) DP World Limited and its subsidiaries of Dubai has sued China for building an international free trade zone on a terminal being disputed with Djibouti, according to Financial Gazette Newswire. In the lawsuit, DP World sought damages, interest, and a declaration that China Merchants unlawfully procured and/or induced Djibouti’s breaches of its agreements with DP World. UAE ports operator DP World Limited has vowed to continue defending its rights as a shareholder in Djibouti’s Doraleh Container Terminal, after it was nationalised. DP World said the transfer of ownership to the government of Djibouti appeared to have been made in an attempt to “flout” the injunction. In ‘violation’ of DP World’s exclusivity rights, Djibouti has in recent years partnered with China Merchants to construct, develop, and/or operate six new ports and free zones within Djibouti.
Source: Ethiopian News November 05, 2018 18:00 UTC