Dubai Ports World
ORG
Dubai Ports World Dubai Ports
With its $6.8 billion purchase of the Peninsular & Oriental Steam Navigation Company, Dubai Ports World, which is owned by the emirate of Dubai, would acquire terminals not just in the United States, but in 18 other countries, among them Britain, Belgium, France, India and China. The deal, which is scheduled to close on Thursday, gives Dubai Ports an entry to the United States, but in other countries it will vastly increase the company's reach. Dubai Ports will also be acquiring port operations in Vancouver, Canada, as part of the purchase of P.& O., but there has been no outcry in Canada.