Court Orders DP World's Rights Restored for Doraleh Port
A London arbitration court has ordered Djibouti to restore DP World's right to operate the Doraleh Container Terminal as detailed under a 2006 concession deal within two months or pay damages, the state news agency WAM reported on Tuesday.
The government of Djibouti seized the terminal from Dubai government-controlled DP World in February 2018 over a dispute dating back to at least 2012.
An independent expert has estimated the losses to DP World at more than $1 billion, WAM reported.
(Reporting by Asma Alsharif; Editing by Jan Harvey)