This comes after media reports last week indicated that the company, which is based in… Dubai Headquarters suspended investment in protest against criticism.
In a confusing report to the British government before a planned summit on… InvestmentSky News reported on Friday that DB World suspended this investment project after two female British government ministers criticized practices at its subsidiary P&O Ferries. DB World declined to comment on the reports on Friday.
And he said British Trade Minister Jonathan Reynolds, on Sunday, said the investment would go ahead after talks with the company.
He told Sky News, “We had to have a dialogue after some press reports… Investment is ongoing and participating.” DB World “At the top.”
In 2022, P&O Ferries laid off 800 employees with immediate effect, sparking a backlash from politicians and unions who criticized alternative plans to recruit cheaper labor through recruitment agencies.
P&O Ferries said at the time that it had to make rapid and significant changes or it would not be able to continue operating.
Last week, British Deputy Prime Minister Angela Rayner and Transport Secretary Louise Hay criticized P&O Ferries over the incident.
Bloomberg International reported on Saturday that… Sultan Ahmed bin Salim DB World’s Chairman and CEO will attend the summit as scheduled, she pointed to a statement issued by DB World officially announcing the investment project.
Asked about the Bloomberg report, a company spokesperson said in a statement sent to Reuters via email, “After constructive and positive discussions with the government, we got the clarification we needed. We look forward to participating in the International Investment Summit on Monday.”
