A Djibouti policeman stands guard during the opening ceremony of Dubai-based port operator DP World’s Doraleh container terminal in Djibouti port, file. REUTERS/Ahmed Jadallah
DUBAI (Reuters) – A London arbitration court has ordered Djibouti to restore DP World’s right to operate the Doraleh Container Terminal as detailed under a 2006 concession deal within two months or pay damages, the state news agency WAM reported on Tuesday.
The government of Djibouti seized the terminal from Dubai government-controlled DP World in February 2018 over a dispute dating back to at least 2012.
An independent expert has estimated the losses to DP World at more than $1 billion, WAM reported.
Reporting by Asma Alsharif; Editing by Jan Harvey