http://www.gulfnews.com/business/Shipping/10019486.htmlWashington: The Bush administration on Thursday rebuffed criticism about potential security risks of the $6.8 billion (about Dh25 billion) sale of P&O that gives Dubai Ports World control over significant operations at six major US ports.
Four senators and three House members had asked the administration to reconsider its approval of the deal.
The sale to DP World was "rigorously reviewed" by a US committee that considers security threats when foreign companies seek to buy or invest in American industry, National Security Council spokesman Frederick Jones said.
The Committee on Foreign Investment in the United States, run by the Treasury Department, reviewed an assessment from US intelligence agencies and its 12 members agreed unanimously the sale did not present any problems, the department said.
"It's important to focus on this partner as opposed to just what part of the world they come from. We came to the conclusion that the transaction should not be halted," said Stewart Baker, assistant secretary in the Homeland Security Department.
In the UAE, Shaikh Abdullah Bin Zayed Al Nahyan, Foreign Minister, said: "We have worked very closely with the United States on a number of issues relating to the combat of terrorism, prior to and post-9/11."
The defence of the committee came in response to criticism about DP World's purchase of London-based P&O. DP World said it had received all regulatory approvals for the deal.
I wonder if there's a security risk of giving middle-eastern control over 6 major US ports...
