Subscribe to RSS feedDP World denies Sokhna sale
by
Richard Meade, London
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last modified
Dec 18, 2009 11:16 AM
DUBAI Ports World has refuted suggestions that its controlling interest in the Egyptian port of Sokhna is up for sale and that its planned US$1.3bn expansion of the port has been frozen.
In a letter sent to the Egyptian stock exchange, DP World chief executive Mohammed Sharaf denied reports published in the Egyptian press claiming that the Sokhna expansion project would not go ahead in the wake of parent company Dubai World’s...
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