Date: Monday, 10 September 2018
PDSA is 76.5 percent owned by the government of Djibouti, according to the website of Hong Kong-based China Merchants Port Holdings Co., which bought 23.5 percent of PDSA for $185 million in 2012. While PDSA owns 66.66 percent of DCT, the company was “controlled de facto” by DP World until the concession was terminated, according to the statement.
DP World didn’t immediately respond to a request for comment. The United Arab Emirates’ Foreign Ministry didn’t immediately respond to calls and emails seeking comment. Djiboutian Foreign Minister Mahamoud Ali Youssouf, Finance Minister Ilyas Dawaleh and ports authority Chairman Aboubaker Omar Hadi each didn’t immediately respond to three emails seeking comment.
The High Court of England & Wales instructed PDSA not to “interfere” with the DCT’s management until further court orders or a resolution of the dispute by the U.K.-based tribunal, according to a Sept. 5 emailed statement from Dubai’s government.
