Dubai Ports Information

In March 2006, it purchased the Peninsular and Oriental Steam Navigation Company (P&O) of the United Kingdom, which was then the fourth largest ports operator in the world, for £3.9 billion ($7 billion), beating a bid from Singapore’s PSA International of £3.5 billion. P&O is one of the most famous names in British business, having been the largest shipping operator in the world at one time. DP World has promised to keep P&O’s headquarters in London. P&O operated major U.S. port facilities in New York, New Jersey, Philadelphia, Baltimore, New Orleans, and Miami. After the deal was secured, the arrangement was reviewed by the Committee on Foreign Investment in the United States headed by the U.S. Treasury Department and including the Departments of State, Commerce, and Homeland Security. It was given the green light, but soon after, both Democratic and Republican members of Congress expressed concern over the potential negative impact the deal would have on port security. They cited the 9/11 Commission report, which stated that two of the 9/11 hijackers were United Arab Emirates nationals, and reports that the UAE was a major financial base for the al Qaeda terror network. The country did not fund al Qaeda but money was transferred through UAE’s banks without the government knowing what the money was for (because of privacy concerns). Republican leaders Dennis Hastert and Bill Frist, usually working in close synchronization with the office of the President, came out to publicly question the deal. Frist said in a statement, “If the administration cannot delay the process, I plan on introducing legislation to ensure that the deal is placed on hold until this decision gets a more thorough review.” [1] Representative Sue Myrick (R-NC) sent a one-sentence letter to the president that read, “Dear Mr. President: In regards to selling American ports to the United Arab Emirates, not just NO — but HELL NO!”

Dubai Ports World currently operates 19 major terminals around the world, with five major projects in development. The company additionally has logistics offices in London and the UAE. [10]

Americas – 4

1. Venezuela – Puerto Cabello
2. Dominican Republic – Puerto Caucedo
3. Argentina – [Puerto Nuevo - Terminales Rio de la Plata S.A.]
4. Canada – Vancouver

Asia Pacific – 11

1. Australia – Adelaide
2. Hong Kong – CT3
3. Hong Kong – ACT
4. China – Tianjin
5. China – Yantai
6. Hong Kong – ATL
7. China – ATL Yantian
8. China – Shanghai Ji Fa
9. China – Yantian
10. India – Cochin
11. India – Visakhapatnam

West Asia/East Africa Region – 2

1. Saudi Arabia – Jeddah
2. Djibouti – Djibouti

Europe – 3

1. Belgium – Antwerp
2. Germany – Germersheim
3. Romania – Constanţa

UAE ports – 2

1. Dubai Port
2. Fujairah Port

Projects in development – 5

1. South Korea – Pusan [11]
2. India – Vallarpadam [12]
3. Turkey – Yarmica [13]
4. Peru – Callao, through a 70% stake in the company Terminal Internacional de Contenedores del Callao [14] [15]
5. Vietnam – Ho Chi Minh City