Search results
Results From The WOW.Com Content Network
Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted for by their 82 marine and inland terminals present in over 40 countries.
The Dubai Ports World controversy began in February 2006 and rose to prominence as a national security debate in the United States.At issue was the sale of port management businesses in six major U.S. seaports to a company based in the United Arab Emirates (UAE), and whether such a sale would compromise port security.
Dubai World was established under a decree ratified on 2 March 2006 by Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. He is also the majority stakeholder in Dubai World. [citation needed] On 2 July 2006, it was launched as a holding company with more than 50,000 employees in over 100 global cities.
In 2001 he became Managing Director of DP World UAE Region. During his mandate, Sharaf performed central roles in developing the terminals of Jeddah, Constanta, Vizag, Jebel Ali and Port Rashid. Actually Mohammed Sharaf is the DP World's Group CEO since 2005 and the DP world's company Director since 2007. [4] In 2005 Sharaf became CEO of DP World.
Bin Sulayem was made DP World chairman in 2007 and was appointed group chairman and CEO in February 2016. [11] Following the acquisition of British port operator Peninsular & Oriental Steam Navigation for $6.9 billion, DP World became the world’s third biggest port operator in 2010, and has remained in the top three since.
Dubai World therefore is the parent company of several subsidiaries that include: Dubai Drydocks is the Middle East's largest shipyard facility [1]. Dubai Ports World, a maritime company that owns over 65 marine terminals in over 6 continents. [2] Istithmar World is a Dubai-based investment firm. [3]
DP World, formerly Dubai Ports World, originally Dubai Ports International This page was last edited on 25 January 2023, at 04:08 (UTC). Text is available under the ...
According to World Bank, the volumes handled in the Port of Berbera are expected to increase from 3.0 million ton in 2016 to 18.1 million ton in 2050.With approximately 47.1 percent of the volumes handled by the Port of Berbera in 2050, dry bulks are predicted to be the largest cargo type, followed by containers with 39.4 percent and general cargo with 9.3 percent.