DP World (an abbreviation of Dubai Ports World) is a company owned by the government of Dubai in the United Arab Emirates. In November 2005 it agreed to purchase the Peninsular and Oriental Steam Navigation Company of the United Kingdom, which was then the fourth ports operator in the world, for £3.3 billion ($5.7 billion). P&O was one of the most famous names in British business, having been the largest shipping operator in the world at one time. The Burj al-Arab hotel has become an architectural icon of Dubai. ... The Peninsular and Oriental Steam Navigation Company, which is usually known as P&O, is a British shipping and logistics company which dates from the early 19th century. ...
DP World was created by a merger between the Dubai Ports Authority (DPA) and an international business, DPI Terminals.
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