Where is Kerry on the outrageous sale of our port contracts to

UAE, Palestine to set up a joint investment firm
BY AHMED A. ELEWA (Deputy Business Editor)

18 February 2006

DUBAI — The UAE and Palestine have agreed to the establishment of a new joint investment company, to be announced within a few weeks, according to Mazen Sinokrot, the Palestinian Minister of Economy, who has recently visited the UAE.

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"We have already started with the first step towards establishing this company by talking to a large number of investors, that are expected to be the seed for the new entity, including Palestinian as well as Emirati investors, and we expect that this company will see the light within the coming few weeks," he added.

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"We seek to benefit from the UAE's expertise in the field of building and developing marine ports, to develop the Gaza port, not only that, we are also in critical need of management expertise," he added while referring to the successes of Dubai Ports World, paving the way for yet a new venture for the world's number three ports operator.

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