…Urges Investors globally to think twice about
investing in Djibouti
DP World on Tuesday said
it would continue to pursue all legal means to defend its
rights as a shareholder and concessionaire in Doraleh Container Terminal SA
(DCT) in the face of Djibouti’s blatant disregard for the rule of law and respect
for commercial contracts.
On September 9, the President of Djibouti enacted a decree which purportedly
DP World said the transfer appears to have been made in an attempt to flout
“Investors across the world must think twice about investing in Djibouti and
On 31 August, the High Court of England & Wales issued an injunction
an apparent attempt to circumvent the injunction, on 9 September 2018, the
Government of Djibouti transferred PDSA’s shares in DCT to itself. The new decree was accompanied by a press release
replete with untrue statements. It also refers to DP World being paid fair
compensation in accordance with international law.
The 2006 Concession Agreement, which is governed by English law, provides
By APO Group on behalf of Government of Dubai.