DP World Transfers Mina Zayed Operations to Abu Dhabi
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DP World Ltd. will hand over the management of Abu Dhabi’s Mina Zayed port operations to Abu Dhabi Terminals in January and the Dubai-based company said it didn’t reach a binding accord to manage the new Khalifa Port.
“The Ebitda contribution from the management agreement is not material” as a five-year contract to manage marine terminal operations at Mina Zayed ends, the Dubai government-controlled company said in a statement to Nasdaq Dubai today. Ebitda is earnings before interest, taxes, depreciation and amortization.