P&O Ferries owner's £1bn investment in UK will go ahead despite transport secretary calling for boycott of shipping firm

A £1bn investment in Britain by port operator DP World will go ahead as planned, after a frantic effort by ministers and diplomats to repair relations following a row with the Dubai-owned multinational that threatened to overshadow a crucial investment summit.

DP World has told Sky News that Mr bin Sulayem will attend the event in London and it is understood the investment will be confirmed as planned, before a row with ministers threw the flagship announcement into doubt. A DP World spokesperson told Sky News: 'Following constructive and positive discussions with the government, we have been given the clarity we need. We look forward to participating in Monday's International Investment Summit.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Port giant drops £1bn investment announcement after transport secretary comments about P&O ferriesDP World has withdrawn from a major investment summit following remarks by the Transport Secretary, Louise Haigh, in which she referred to its subsidiary, P&O Ferries, as a 'cowboy operator.'
Source: LBCNews - 🏆 75. / 59 Read more »

P&O Ferries owner 'will attend' PM's investment summit despite Haigh's 'cowboy operator' commentsDP World, the parent company of P&O Ferries, will attend the Prime Minister's investment summit despite a row over the Transport Secretary calling the operator a 'cowboy'.
Source: LBC - 🏆 17. / 74 Read more »