Business | Shipping

Pakistan remains open to ports investment from DP World

Pakistan said yesterday it will welcome new investments in port projects from DP World despite the Dubai company abandoning a bid to manage strategic Gwadar Port.

  • By Shakir Husain, Staff Reporter
  • Published: 00:00 December 7, 2006
  • Gulf News

Dubai: Pakistan said yesterday it will welcome new investments in port projects from DP World despite the Dubai company abandoning a bid to manage strategic Gwadar Port.

Shipping Minister Babar Khan Ghauri told Gulf News he did not see any repercussions from the pullout on Dubai's recently-announced mega real estate ventures in Pakistan.

He said the government will next week announce the operator for Gwadar, for which DP World was once the preferred bidder.

But when other major port operators expressed an interest in managing the port, located in Balochistan and being built with Chin-ese assistance, Pakistan announced a fresh bidding process.

Gulf News
Retail Gold Rate
Business Editor's choice
Quick Access

  1. Markets

  2. Economy

  3. Property

  4. Aviation

Business Top Stories

  1. Cityscape offers platform for sales launches

  2. New supply to stem Dubai realty price spike

  3. New iPhones selling like hotcakes on grey market

  4. iQueue for latest iPhone

  5. Plans for Mall of the World on track