Dubai’s Plans in the US
Charles Johnson
Wed Oct 3, 2007 at 7:52 pm PDT • Views: 473
A Dubai-based sister company of DP World, who tried to buy a controlling interest in America’s seaports, has now purchased 1,300 acres of land in South Carolina, to be developed into a logistics center and business park.
ORANGEBURG, SC (AP) - A Dubai-based company looking to build a logistics center and business park in Orangeburg County has purchased about 1,300 acres of land near Santee.
Jafza International managing director Chuck Heath says the company thinks Orangeburg has the potential to become a major logistical hub in the United States.
Jafza officials will begin negotiating the details of its investment with state and local officials in the next few weeks. The company says it plans to invest about $600 million and ultimately hire about 8,000 workers.
Jafza International is a sister company of DP World, which initially won federal approval last year to run six major US ports before congressional objections caused the deal to fall through.
In other news from Dubai, real estate companies are using images of Adolf Hitler to sell houses: Harry’s Place: ‘Conqueror - The world is yours’.
Frank says: