DUBAI, United Arab Emirates — An Abu Dhabi state-run company is taking operational control of the city's port from neighboring Dubai's globe-trotting port management firm DP World.
DP World and Abu Dhabi Terminals said Thursday that ADT will assume management control of the Mina Zayed facility in the new year, once an existing management services agreement expires.
ADT is a division of the Abu Dhabi Port Company, which was set up in 2006 to manage sea trade in the Emirati capital.
Abu Dhabi and Dubai are the two largest sheikdoms in the United Arab Emirates.
Abu Dhabi controls the federation's presidency and most of the OPEC member's oil wealth. Like Dubai, it's working to diversify its economy with help from state-sponsored companies.