The Djibouti presidency on Friday refused to recognize a London court ruling which found the Horn of Africa nation wrongly seized a major port facility in the country from its Dubai-based operator.<\/p>\n
The Doraleh container terminal, a large shipping hub and key transit route on the northwestern edge of the Indian Ocean, was designed and built by DP World, who have run it since 2006.<\/p>\n
The company has been accused by Djibouti of under-managing the container terminal in favor of the firm’s main port in Dubai and had its 50-year contract terminated earlier this year.<\/p>\n
But on Thursday Dubai’s government said the London Court of International Arbitration had “confirmed the illegitimacy” of the terminal seizure.<\/p>\n
The ruling said the agreement between Djibouti and DP World “remains valid and binding”, the emirate’s media office said in a statement.<\/p>\n
The Djibouti presidency said on Friday it “does not recognize this arbitral award which consists in qualifying the law of a sovereign state as illegal.”<\/p>\n
“It disregards the sovereignty of the Republic of Djibouti and takes no account of public international law rules,” the statement added.<\/p>\n
Djibouti, sandwiched between Ethiopia, Eritrea and Somalia, has been on an infrastructure blitz in recent years and aims to cash in on its location on the strategic Bab El-Mandab strait, the key shipping lane to Europe from the Gulf, Asia and beyond.<\/p>\n
Last year the tiny country inaugurated three new ports and a train line to neighboring Ethiopia. It also hosts China’s first foreign military base.<\/p>\n
DP World operates 78 ports in more than 40 countries and in recent years has expanded its profile in the Horn of Africa.<\/p>\n
Dubai has said the company would “reflect on the ruling and review its options” following the London court decision.<\/p>\n
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