DP World has been cleared of allegations that it paid bribes to strike a long-term deal to operate a container terminal in Djibouti.
The government of Djibouti accused the terminal operator in 2014 of bribing the head of its port authority.
A panel operating under the London Court of International Arbitration dismissed Djibouti’s claims and ordered it to pay arbitration and other costs, Associated Press reported.
DP World launched the Doraleh Container Terminal (DCT) in December 2008.
The company claims on its website that DCT is the most technologically advanced container terminal in Africa.
DCT’s total throughput for 2016 was 914,037 teu, up from 836,806 in 2015.
