A statement on behalf of President Ismail Omar Guelleh's office issued yesterday said the government had "decided to proceed with the unilateral termination with immediate effect." DP World won a 50-year concession to operate the port in 2006, which it describes as Djbouti's largest employer.
DP World issued a statement late Thursday night acknowledging that Djibouti authorities seized the Doraleh Container Terminal.
The Dubai government-backed port operator said it was "the culmination the government's campaign to force the DP World to renegotiate the terms of the concession."
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