(MENAFN- Khaleej Times) DP World said allegations it had failed to meet its obligations in running Yemen's Aden container port were "misleading and unfounded."
The impoverished country's anti-corruption body said on Tuesday it would ask parliament to cancel the deal with the world's third largest port operator, saying it had failed to carry out investment projects on time. "DP World rejects such unfounded and misleading accusations. We have met all contractual commitments with respect to the Aden port operations," the company said
Yemen signed a contract with DP World in 2008 to develop and run the port, whose strategic location at the mouth of the Red Sea once made it a vital stop for ships bound for the Suez Canal.
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