{"id":543783,"date":"2022-02-17T03:56:04","date_gmt":"2022-02-17T03:56:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/"},"modified":"2022-02-17T03:56:04","modified_gmt":"2022-02-17T03:56:04","slug":"damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/","title":{"rendered":"Damietta Port Authority and DIPCO settle long-running container terminal dispute"},"content":{"rendered":"

<\/a> Damietta Port and DIPCO settle their years-long dispute: <\/strong>KGL International Ports, Warehousing & Transport and Damietta International Ports Company (DIPCO) have reached an agreement with the Damietta Port Authority (DPA) to settle all disputes between them, according to a statement (pdf)<\/a> from KGL\u2019s transport subsidiary, which owns a 25% stake in DIPCO.<\/p>\n

Refresher:<\/strong> The dispute began in 2015, when the DPA scrapped its 2006 contract with DIPCO to build a new container terminal at the port, alleging DIPCO had failed to stick to the agreed time frame. The International Court of Arbitration (ICC) ordered the DPA to pay<\/a> over USD 494 mn to DIPCO in 2020, but the Cairo Court of Cassation overturned<\/a> the ICC\u2019s ruling the following year.<\/p>\n

Settlement conditions: <\/strong>The DPA will pay USD 100 mn to KGL International, USD 40 mn to DIPCO, and USD 120 mn to other involved parties. After the payments have been made, all sides will drop their cases and the dispute will be resolved.<\/p>\n","protected":false},"excerpt":{"rendered":"

Damietta Port and DIPCO settle their years-long dispute: KGL International Ports, Warehousing & Transport and Damietta International Ports Company (DIPCO) have reached an agreement with the Damietta Port Authority (DPA) to settle all disputes between them, according to a statement (pdf) from KGL\u2019s transport subsidiary, which owns a 25% stake in DIPCO. Refresher: The dispute […]<\/p>\n","protected":false},"author":1,"featured_media":543784,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8678],"tags":[956,957,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dispute-watch","tag-damietta-international-ports-company","tag-dispute-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4fe3fe11-3b4f-45bb-98a9-1daf8b9d154f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/248.jpg","photo_position":"above","related_issue":[543767],"teaser":"","voice_url":""},"yoast_head":"\nDamietta Port Authority and DIPCO settle long-running container terminal dispute - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Damietta Port Authority and DIPCO settle long-running container terminal dispute\" \/>\n<meta property=\"og:description\" content=\"Damietta Port and DIPCO settle their years-long dispute: KGL International Ports, Warehousing & Transport and Damietta International Ports Company (DIPCO) have reached an agreement with the Damietta Port Authority (DPA) to settle all disputes between them, according to a statement (pdf) from KGL\u2019s transport subsidiary, which owns a 25% stake in DIPCO. Refresher: The dispute […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-17T03:56:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/248.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Damietta Port Authority and DIPCO settle long-running container terminal dispute\",\"datePublished\":\"2022-02-17T03:56:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/\"},\"wordCount\":165,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/248.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Damietta International Ports Company\",\"dispute watch\",\"EnterpriseAM\"],\"articleSection\":[\"DISPUTE WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/damietta-port-authority-and-dipco-settle-long-running-container-terminal-dispute\/\",\"name\":\"Damietta Port Authority and DIPCO settle long-running container terminal dispute - 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overturned an International Court of Arbitration (ICC) ruling against Damietta Port Authority that had obliged it to pay USD 494 mn in compensation to the Damietta International Ports Company (DIPCO), according to a statement (pdf).The ruling is the latest development in a five-year-old dispute\u2026","rel":"","context":"In "DISPUTE WATCH"","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569540,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/egypts-damietta-port-authority-slapped-usd-494-mn-fine-in-dipico-dispute\/","url_meta":{"origin":543783,"position":1},"title":"Egypt\u2019s Damietta Port Authority slapped USD 494 mn fine in DIPICO dispute","author":"enterpriseam admin","date":"27 February 2020","format":false,"excerpt":"DISPUTE WATCH- Damietta Port Authority slapped USD 494 mn fine in DIPCO dispute: The International Court of Arbitration (ICC) has ordered the Damietta Port Authority (DPA) to pay over USD 494 mn to the Damietta International Ports Company (DIPCO) in a five-year-old contract termination dispute, the Kuwait and Gulf Link\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568181,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/dpa-loses-its-appeal-against-usd-494-mn-fine\/","url_meta":{"origin":543783,"position":2},"title":"DPA loses its appeal against USD 494 mn fine","author":"enterpriseam admin","date":"21 December 2020","format":false,"excerpt":"Damietta Port Authority loses appeal of USD 494 mn arbitration ruling: The Cairo Court of Appeals has upheld the International Court of Arbitration\u2019s (ICC) ruling ordering the Damietta Port Authority (DPA) to pay over USD 494 mn in compensation to the Damietta International Ports Company (DIPCO), according to Youm7. The\u2026","rel":"","context":"In "DISPUTE WATCH"","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570361,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/transport-ministry-receives-three-bids-for-damietta-ports-second-container-terminal\/","url_meta":{"origin":543783,"position":3},"title":"Transport Ministry receives three bids for Damietta port\u2019s second container terminal","author":"enterpriseam admin","date":"29 March 2020","format":false,"excerpt":"The Transport Ministry has received bids from three international consortiums to build the second container terminal at Damietta Port in a project worth USD 300 mn, Al Shorouk reports, citing sources close to the ministry which didn\u2019t name the companies. The European Bank for Reconstruction and Development agreed in principle\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602024,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/saudis-globe-eyes-damietta-port-as-egypt-entry-point\/","url_meta":{"origin":543783,"position":4},"title":"Saudi\u2019s Globe eyes Damietta Port as Egypt entry point","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"Saudi logistics service provider Globe Group is eyeing Damietta Port as its entry point into Egypt, the Damietta Ports Authority (DPA) said in a statement following a meeting between a delegation of senior executives from Globe and the DPA. The delegation is particularly interested in usufruct rights to manage and\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584300,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/29\/another-step-forward-for-stake-sales-in-two-port-operators\/","url_meta":{"origin":543783,"position":5},"title":"Another step forward for stake sales in two port operators","author":"enterpriseam admin","date":"29 March 2023","format":false,"excerpt":"Fair value studies completed for Damietta, Port Said port operators:The Financial Regulatory Authority (FRA) is reviewing fair value studies of the state-owned Damietta and Port Said terminal operators ahead of stake sales in the two firms, Al Borsa reports, citing unnamed sources it says have knowledge of the matter. Finance\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/594.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543783"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543783\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543784"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543783"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543783"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}