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