Sultan bin Sulayem believes uncertainty is bad for business
DP World chief Sultan Ahmed bin Sulayem has hit out at the UK and EU over the uncertainty being caused in the handling of the UK leaving the European Union (Brexit).
DP World have two major assets in the UK - Southampton and London Gateway, both in Southern England, the ports represent major trade nodes for the UK.
Sultan Ahmed bin Sulayem made the comments at the World Government Summit in Dubai where he met MP Liam Fox, the UK's International Trade Minister.
Sultan bin Sulayem warned that ongoing uncertainty with regard to leaving terms is bad for business, stating: "Our problem is the indecisiveness of the [UK] government.
"We don't care as businessmen whether they have Brexit, or Brexit with an agreement, or Brexit with a good agreement, or Brexit with a bad agreement.
“Once they decide, as businessmen, we are capable of running our business once all this basically indecisive environment disappears."
Sultan bin Sulayem did state that he believed both DP World Southampton and London Gateway were both well placed to cope with any disruption.
Concerns have mounted in recent weeks as the possibility of a no-deal Brexit looms ever larger.
In this instance, new customs and regulatory checks would need to be implemented, causing a potential backlog at UK ports,
The UK and the EU have until March 29, just 45 days, to reach an agreement after the UK rejected Prime Minister Teresa May’s deal made prior with the EU.