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Mohamed bin Rashid Al Maktoum, Sheikh

Mohamed bin Rashid Al Maktoum, Sheikh. GROUP RDM, Magazine

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n 1999, he founded Dubai Ports International,

a company dedicated to exploring

overseas acquisitions and port management

contracts, which in 2005 merged

with the Dubai Port Authority to form

DP World. In 2006, DP World bought P&O

for $ 7 billion. This operation caused controversy,

as several politicians and Americans

made public their concern about the

security of six ports acquired by DP World

as part of the acquisition of P&O. Eventually

DP World withdrew its investment

from the affected ports.

58

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