Dubai Ports World Controversy
The controversy of the Dubai Ports World (DPW) was pertaining the selling of the businesses in six major US seaports (regarding port management) to a UAE based company (DPW).The controversy began in February 2006. Soon it raised a national debate regarding national security in US.
DPW is owned via a holding company by the government of Dubai in UAE. The ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, directly controls the holding company. He is also the Prime Minister of the UAE.
The contract was initially foreign owned by a British firm P&O, which was later taken over by DPW in March 2006. The executive branch of the US government had given its approval for the sale, however it met with strict resistance from various political figures in US who argued that the take over would put the US port security at jeopardy. Despite strong argument (that delay would send wrong message to the allies of US) put forth by the President himself for approving the sale, the US congress passed a legislation to delay the sale.
Finally the DPW decided to transfer the operations on the US seaport to an American entity. The whole fiasco was strongly criticized as it sent the message that a Middle Eastern country was by default disqualified from investing in US.
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