Friday, July 18, 2008

DP World to develop, operate CT at Port of Aden

DP World has landed the rights to operate and develop the container handling facilities in the port of Aden in Yemen.

This comes as the Yemen Gulf of Aden Port Corporation has agreed to lease to DP World the Aden Container Terminal and Ma'alla Container Terminal. A joint venture will invest US$220 million in the Middle Eastern port, which will be used in part to build a new 400 metre berth extension onto the Aden Container Terminal.
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