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  • 14-03-18

    DP World hit with ban from operating in Somalia

    (MENAFN) Dubai ports operator DP World was revealed to have been stripped from its rights to work in Somalia.

    Somalia justified its ban by saying how null and void was the agreement the company inked a year ago with Somaliland to establish an economic zone.

    A resolution has been issued after being approved late Monday and then released by Somalia's state news agency.

    It read "any agreement signed with DP World is null and void since it opposes the constitution, the rule of foreign investment in Somalia, and other rules of the country."

    MENAFN1403201800450000ID1096589671

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