Die Dubai Ports Aktien ist bei der Börse in München gelistet.
Für all diejenigen die bei der London Stock Exchange LSE oder DIFX keine mehr bekommen haben:-)
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Dubai Ports
The port of Jebel Ali, the crown jewel of the state-owned company Dubai Ports World (DPW), is a frequent host to security sensitive US warships including USS John F Kennedy United States and is a vital part in the Iraq war.
Sultan Ahmed Bin Sulayem, the chairman of DPWn headed up the Jebel Ali free trade zone when it was created in 1985. The son of a school teacher, he had just graduated with a business degree from Temple University in Philadelphia when he impressed the late Sheikh Rashid bin Saeed al Maktoum with a proposal for developing the port: If the port waived taxes and fees, foreign traders and manufacturers would set up shop.
He nearly cancelled his first trip back to the United States to promote the new free trade zone when the stock market crashed in 1987. Despite the bad timing, the business delegation visited New York and Philadelphia, never dreaming that less than 20 years later they own the ports in those key American cities.
Jebel Ali's expansion was slowed initially by the Iran-Iraq war which made investors nervous. The end of the war in 1988 helped the port take off, but it was the 1990 invasion of Kuwait by Iraq that brought unexpected good fortune.
Dozens of Kuwaiti-owned companies fleeing the conflict set up shop in Jebel Ali and other locations in Dubai. Once the 1991 Gulf War ended, port officials quickly promoted Jebel Ali as the ideal base for Kuwait reconstruction.
"We are talking with major companies that want to use our port as a staging area to repair refineries and other infrastructure," Bin Sulayem told Aramco World magazine at the time. "Jebel Ali is probably the only place that could play a role in the reconstruction of Kuwait, because it's vast, quick, and ready for equipment to be shipped as needed."
Dubai Ports World signed an agreement with Kuwait Petroleum Company to rent 750,000 square meters of land for office and warehouse space. Soon large ships were loading and unloading consignments at Jebel Ali, while smaller vessels of up to 20,000 tons transferred goods to Shu'aybah Port, south of Kuwait City.
The 2003 invasion of Iraq was even better for business as Jebel Ali become one of the world's biggest ports. During the first quarter of 2003, Dubai's business rose 25 percent, compared to the first quarter of 2002.
"Whenever there is an international crisis, we tend to benefit, since many trading houses bring their cargo to Dubai for greater security and ease of redistribution either during the war or when it ends," Jamal Majid bin Thaniah, managing director of the Dubai Ports Authority, which oversees Jebel Ali, told Lloyd's List.
As the occupation of Iraq continues into 2006, Jebel Ali's importance and role continue to expand. DPW has just acquired British company Peninsular and Oriental Steam Navigation Company (P&O), which has just renewed a contract with the United States Surface Deployment and Distribution Command to load military equipment at the Texas ports of Beaumont and Corpus Christi through 2010, where almost two-thirds of the supplies for the U.S. military begin their passage to war.
Sailors arriving on the USS John F Kennedy and soldiers returning from Afghanistan and Iraq count Dubai as their favorite stop for rest & recreation (R&R). Unlike other Middle Eastern cities, nightclubs abound, and alcohol and sex are easily available.
JFK's "Morale, Welfare and Recreation" director Mary Abbott told the Mayport Mirror, a military publication, that Dubai was one of the most popular cities with sailors.
''We got a lot of positive feedback from our trips,'' she said. Added Harley Houston, an enthusiastic sailor from Georgia: ''Dubai is more modern than I expected it to be, and I had no idea that American culture had so much in common with other countries. It was very impressive.''
Quelle: www.corpwatch.org/article.php?id=13322
Für all diejenigen die bei der London Stock Exchange LSE oder DIFX keine mehr bekommen haben:-)
Wissenwertes dazu:
Dubai Ports
The port of Jebel Ali, the crown jewel of the state-owned company Dubai Ports World (DPW), is a frequent host to security sensitive US warships including USS John F Kennedy United States and is a vital part in the Iraq war.
Sultan Ahmed Bin Sulayem, the chairman of DPWn headed up the Jebel Ali free trade zone when it was created in 1985. The son of a school teacher, he had just graduated with a business degree from Temple University in Philadelphia when he impressed the late Sheikh Rashid bin Saeed al Maktoum with a proposal for developing the port: If the port waived taxes and fees, foreign traders and manufacturers would set up shop.
He nearly cancelled his first trip back to the United States to promote the new free trade zone when the stock market crashed in 1987. Despite the bad timing, the business delegation visited New York and Philadelphia, never dreaming that less than 20 years later they own the ports in those key American cities.
Jebel Ali's expansion was slowed initially by the Iran-Iraq war which made investors nervous. The end of the war in 1988 helped the port take off, but it was the 1990 invasion of Kuwait by Iraq that brought unexpected good fortune.
Dozens of Kuwaiti-owned companies fleeing the conflict set up shop in Jebel Ali and other locations in Dubai. Once the 1991 Gulf War ended, port officials quickly promoted Jebel Ali as the ideal base for Kuwait reconstruction.
"We are talking with major companies that want to use our port as a staging area to repair refineries and other infrastructure," Bin Sulayem told Aramco World magazine at the time. "Jebel Ali is probably the only place that could play a role in the reconstruction of Kuwait, because it's vast, quick, and ready for equipment to be shipped as needed."
Dubai Ports World signed an agreement with Kuwait Petroleum Company to rent 750,000 square meters of land for office and warehouse space. Soon large ships were loading and unloading consignments at Jebel Ali, while smaller vessels of up to 20,000 tons transferred goods to Shu'aybah Port, south of Kuwait City.
The 2003 invasion of Iraq was even better for business as Jebel Ali become one of the world's biggest ports. During the first quarter of 2003, Dubai's business rose 25 percent, compared to the first quarter of 2002.
"Whenever there is an international crisis, we tend to benefit, since many trading houses bring their cargo to Dubai for greater security and ease of redistribution either during the war or when it ends," Jamal Majid bin Thaniah, managing director of the Dubai Ports Authority, which oversees Jebel Ali, told Lloyd's List.
As the occupation of Iraq continues into 2006, Jebel Ali's importance and role continue to expand. DPW has just acquired British company Peninsular and Oriental Steam Navigation Company (P&O), which has just renewed a contract with the United States Surface Deployment and Distribution Command to load military equipment at the Texas ports of Beaumont and Corpus Christi through 2010, where almost two-thirds of the supplies for the U.S. military begin their passage to war.
Sailors arriving on the USS John F Kennedy and soldiers returning from Afghanistan and Iraq count Dubai as their favorite stop for rest & recreation (R&R). Unlike other Middle Eastern cities, nightclubs abound, and alcohol and sex are easily available.
JFK's "Morale, Welfare and Recreation" director Mary Abbott told the Mayport Mirror, a military publication, that Dubai was one of the most popular cities with sailors.
''We got a lot of positive feedback from our trips,'' she said. Added Harley Houston, an enthusiastic sailor from Georgia: ''Dubai is more modern than I expected it to be, and I had no idea that American culture had so much in common with other countries. It was very impressive.''
Quelle: www.corpwatch.org/article.php?id=13322
