Dubai – Mubasher: DP World on Sunday said it agreed with the Port of Fujairah to terminate the company’s concession agreement to operate the port, Reuters reported.
The Dubai-based ports operator had entered into the agreement with the Port of Fujairah in 2005.
The deal entailed building, operating, and transferring basis to expand and develop the Fujairah container terminal.
DP World recently reported a net profit of $1.13 billion in 2016, compared to $883 million in 2015.
