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Port Company Asks for U.S. Review

Posted on: Sunday, 26 February 2006, 21:00 CST

The Dubai company seeking to manage terminals at six U.S. ports has formally asked the government to conduct a new review of security concerns.

In a statement, Dubai Ports World asked the U.S. government to conduct the full 45-day investigation authorized under U.S. law.

The company said it was confident the review of the $6.85 billion deal will show that the security of the (United States) will not be harmed as a result of this acquisition, the New York Times reported.

The company will create a U.S. subsidiary to operate independently of executives in Dubai and London during the investigation, the newspaper said.

Republican leaders had been threatening to block the company from taking over the port terminals. On Sunday, however, Senate Majority Leader Bill Frist, R-Tenn., and Sen. John Warner, R-Va., said they were satisfied the issue was now being properly handled, the newspaper said.

We cannot mess this deal up, said Warner on NBC's Meet the Press.

We as the United States are dependent on countries like the (United Arab Emirates), Qatar, Bahrain, Kuwait, all of them there, to give us the support to fight this war on terrorism, he said.

Source: United Press International

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