[ad_1]
DP World reiterated that its concession contract for the Doraleh Container Terminal (DTC) in Djibouti remains in force, even as China moves to the strategically located microstate.
DP World warned in a statement that the illegal government seizure of the facility does not give the right to a third party to violate the terms of the concession.
The statement was published following reports on the opening of the first phase of the Djibouti Free Trade Zone built in China, in violation of the exclusive management rights of DP World.
The Djibouti International Free Trade Area (DIFTZ) is a 48 km2 project, but the first phase will consist of a pilot area of $ 2.4 million, which will include four industrial clusters focused on the processing of products destined for Djibouti. to export, financial support services, manufacturing and retail duty-free.
"Having become a global logistic center, Djibouti is moving to the next stage: an industrial and commercial hub.The opening of DIFTZ shows that Djibouti continues to play a more and more important role important in world trade, "said Djibouti President Ismail Omar Guelleh at the launch of the project last week.
The zone will be managed by the government of Djibouti and three Chinese companies: China Merchants Group, Dalian Port Authority and financial services provider IZP Technologies.
A world spokesman for DP said, "This is another clear example of the Djibouti government."
The spokesman warned that DP World reserved the right to take all possible legal actions, including claims against third parties that impede or otherwise violate its contractual rights
In February, the government of Djibouti illegally took control of the terminal, forced the employees of DP World to leave the country and claimed to terminate the contract
DP World stated that it had initiated arbitration against the Government of Djibouti before the London International Arbitration Court and awaited the outcome of this process.
Source link
