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Djibouti ready to pay DP World compensation

Djibouti would be prepared to pay DP World compensation of “more or less half a billion dollars . . . as early as next week” to settle a dispute over control of the city’s Doraleh container terminal.

In an interview with the Financial Times, Aboubaker Omar Hadi, chairman of Djibouti Ports & Free Zones authority, rejected talk of arbitration to settle a long-running dispute over the most modern port in east Africa, saying that DP World had to accept it was no longer involved in running the facility.

“For us arbitration is over,” he said. “They have to sit down with us, take their money and go.”

Read more on Financial Times.

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