XIAMEN FIT IMPORT & EXPORT CO., LTD.
Dubai Ports to build container port in Qingdao
click rate:1992 issue time:2007-03-10 08:12
Feb. 12, 2007 (China Knowledge) – Dubai Ports World (DP World) has received approval to build a container port in China.


DP World is to invest RMB 3.5 billion in the facility in Qingdao on China’s northeastern coast, the official Xinhua News Agency said, citing a city government spokesman.


The terminal was scheduled to begin operating in 2008 or 2009.


DP World is one of the world’s largest port operators with terminals in 24 countries. Last year, DP World’s US$6.85 billion purchase of British port operator Peninsular and Oriental Steam Navigation Co, or P&O, gave it control of ports in New York and other major American cities plus lesser port activities at 16 other ports in the U.S.