Finance
DP World Pauses £1 Billion UK Expansion Amid Government Row
- Transport secretary had criticized firm’s P&O Ferries unit
- Dubai firm’s chief cancels plans to attend summit, person says
Groundwork at London Gateway port in Stanford-le-Hope, UK, on Oct. 7.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
DP World Ltd. is putting a major investment at its London port under review after the British government criticized employment practices at one of the Dubai-based logistics giant’s subsidiaries.
The Dubai-based company was planning to announce a £1 billion ($1.31 billion) expansion of its London Gateway port at an investment summit convened by UK Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves next week, according to a person familiar with the matter.