Financial Times FT.com

Paranoia about Dubai ports deal is needless

Published: February 21 2006 02:00 | Last updated: February 21 2006 02:00

The current furore in Washington about the takeover of P&O, the UK-based ports operator, by Dubai Ports World says more about the United States Congress than the United Arab Emirates. The bluster about national security conceals one of the uglier faces of US protectionism - the one with the slightly racist tinge.

DP World, the mainly Dubai government-owned ports operator, paid top dollar, $6.8bn (£3.9bn), for P&O, part of its bid to build a worldwide network of maritime terminals with Dubai at its centre. The bold move was very much in character with the vaulting ambition of Dubai - one of the seven emirates in the UAE federation led by Abu Dhabi - and Sheikh Mohammed bin Rashid al-Maktoum, its restless ruler.

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