Yemen and DP World have reached a preliminary accord for the UAE company to run the Aden container terminal in the Arab state.
Under a memorandum of understanding signed by the two, DP World and Aden's port will set up an equally owned joint venture to develop and operate the container terminal.
In 2005, Yemen awarded Dubai Ports International (DPI), DP World's predecessor, a contract to develop and manage the Aden container terminal.
Yemen later suspended the contract after parliament deputies criticised it. Industry sources said the objections were partially on the grounds that the Aden facility is in competition with Dubai's Jebel Ali port, also run by DP World.
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