DP World sets eyes on Sokhna

DP world had a controversial 2007 with the whole DP World Accquistion attempt in the US. Although the showdown didn't work in their favour, it hasn't stopped them from continuing to strengthen their hold in regional accquisitons..

Tomorrow, officials from DP world will be signing a $670 million deal to accquire Sokhna Ports in Egypt.

Sokhna, located about 40 kilometres south of Suez on the Red Sea, will be 43rd terminal of the DP World which has already been running port operations in 23 countries.