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DP World to invest in Egypt

Dubai: DP World is set to spend $8.7bn developing port facilities in Egypt, including at Eastern Port Said, Egyptian officials have announced. Negotiations have been underway for several months and are expected to be concluded soon. Separately, DP World chairman Sultan Ahmad Bin Sulayem has denied the group has any firm plans to list on the London Stock Exchange and in Dubai, as reported in the UK's Sunday Times, saying it is merely weighing up different funding options.  [12/07/06]

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