DP World was founded in 1999 and owned by the government of Dubai in the United Arab Emirates. Dubai Ports World currently operates 19 major terminals around the world. In March 2006, it purchased the Peninsular and Oriental Steam Navigation Company (P&O) of the United Kingdom, which was then the fourth largest ports operator in the world. DP World's initial public offering (IPO) opened on November 4, 2007 with the firm hoping to raise $4m from the sale of a 20% stake. In February 2008, DP World entered the Egyptian market by acquiring a 90% stake in port Sokhna's controlling shareholder -Egyptian Container Handling Company (ECHCO)- for $670 million.
Dp World Jafza 17 Jebel Ali Free Zone,5th Floor,P O Box 17000
Dubai; Northern Emirates;
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