Can this be true? The same company that recently took over the operations of the New York port; DP World is closely tied to the company that bought the V&A Waterfront for R70bn. The controversy of the NY harbor deal came about shortly after the 911 event that changed the world’s history forever. The US Congress tried to block the deal but President Bush threatened to veto the legislation should the deal be blocked by Congress.
DP World operates in over 19 major terminals around the world. These include ports in the following counties; Venezuela, Dominican Republic, Argentina, Canada, Australia, Hong Kong, China, India, Saudi Arabia, Djibouti, Germany, Romania and UAE with new developments in South Korea, Turkey, Peru and Vietnam. Now South Africa can be un-officially added to this list.
The company that bought the V&A Waterfront; Nakheel Hotels and Resorts’ sister company is DP World, so they are both owned by the same people, mostly the Dubai government. Is this a way to gain control over the port of Cape Town?
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