News24

Dubai's DP World suspends Egypt operations

2011-02-01 13:10

Dubai - Dubai ports operator DP World has suspended its operations at the Ain Sukhna port in Egypt, a spokesperson said on Tuesday, as a revolt calling for the ouster of Egypt's president raged into an eighth day.

"DP World Sokhna is closely monitoring the situation in Egypt" and "as a precautionary measure has temporarily suspended operations" at the Red Sea port of Ain Sukhna, which it operates, the spokesperson said.

"The security of our people remains paramount and we are doing whatever necessary to ensure the safety of all our people," she said, adding that "we have no other operations in Egypt".

Sukhna is the closest port to Cairo, which is 120km away, and is "linked by a modern six-lane highway and extensive rail links", DP World's website says. Most of the cargo from the east destined for Egypt is imported via the port, it adds.

Cairo and other Egyptian cities have been rocked by eight days of protests demanding the departure of Egyptian President Hosni Mubarak that have left at least 125 people dead. Mubarak has ruled since 1981.

DP World is one of the largest container-port operators in the world. It is a part of the troubled Dubai World conglomerate, which stunned global financial markets when it announced in November 2009 that it needed to freeze debt payments.