http://gulfnews.com/business/companies/dp-world-stresses-commitment-to-somaliland-1.2188554
DUBAI: The head of DP World stressed on Thursday the company’s commitment to its investments in Somaliland, two days after Somalia reportedly said it was banning the ports operator from operating there.
Sultan Bin Sulayem, DP World Group chairman and chief executive officer, said that DP World will continue to invest in Somaliland in 2018, as part of up to $1.4 billion in planned capital expenditure for operations globally.
The dispute with the South African country began when Somalia said that a contract DP World has to operate in the breakaway Somaliland was null and void. But Bin Sulayem pointed out that Somaliland has been independent for the past 28 years and has its own agreements with several companies and countries.
Asked about a vote on the issue by the Somali parliament, he said: “It [the vote] doesn’t really concern us because the Somali parliament … can only make noise and put statements, but on the ground, Berbera actually has agreements with many countries around the world, with many companies, and it is within their laws.”
DUBAI: The head of DP World stressed on Thursday the company’s commitment to its investments in Somaliland, two days after Somalia reportedly said it was banning the ports operator from operating there.
Sultan Bin Sulayem, DP World Group chairman and chief executive officer, said that DP World will continue to invest in Somaliland in 2018, as part of up to $1.4 billion in planned capital expenditure for operations globally.
The dispute with the South African country began when Somalia said that a contract DP World has to operate in the breakaway Somaliland was null and void. But Bin Sulayem pointed out that Somaliland has been independent for the past 28 years and has its own agreements with several companies and countries.
Asked about a vote on the issue by the Somali parliament, he said: “It [the vote] doesn’t really concern us because the Somali parliament … can only make noise and put statements, but on the ground, Berbera actually has agreements with many countries around the world, with many companies, and it is within their laws.”