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Last updated: 09:43:57 PM GMT(+03) Wednesday, 20, June, 2012
 
 

Yemen Anti-Corruption Body Urges Immediate Annulment of Deal with DP World

 
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 Yemen Post Staff

The Supreme National Anti-Corruption Commission SNACC on Wednesday approved to speak to the House of Representatives over immediate annulment of an agreement with DP World to run and develop the Aden Port.
At a meeting in Yemen's capital Sanaa, the Commission said the decision was made after expert teams and specialists found the UAE company breaching the contracted terms to run and develop the container terminals of Aden and Mualla.
The 2008 agreement has been controversial and criticized amid reports the Aden Port, one of the leading terminals in the world, has not been developed, rather has further deteriorated.
A joint Yemeni-UAE company was formed under the deal whose chairmanship has been more recently handed over to Yemen.
Since a new Yemeni government took office in December, it has been working hard to reconsider the deal on the grounds DP World has not demonstrated full commitment to it.
Earlier this year, the Transport Ministry said it would announce a tender to develop the Aden Port and that the Yemeni government would be responsible for the process.
The Commission urged the Yemen Gulf of Aden Ports Corporation, the current operator, to start immediate measures to end the deal, after DP World failed to implement the first phase of the investment plan at the port during the stated time.
Furthermore, it urged to demand fair compensation for serious damages, which the Aden Port has suffered under the deal, and that the government should provide funds to develop the port.


Yemen Post Staff
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Source: Yemen Post Newspaper
 
 
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