[yellowdoghunter]

Why is that? Are Americans mentally incapable of running a port? How about SSA Marine which just won Umm Qasr port in Iraq? "The family-owned and -run company is a private venture which operates in more than 150 locations worldwide and employs more than 10,000 people. The Smith and Hemingway families have owned the company since it was founded, and maintain an active management role."

Excellent point. At first people say there is no money in running a port but then I hear this UAE company is making a killin'. There has to be money to be made in this or why did a British company do it all these years or why does a UAE company want it now if there is no money to be made?

[clawrence3]

Maybe because businesses can make more money TAX FREE in Dubai than here in the U.S.

[BubbaTheRocketScientist]

Excellent point. At first people say there is no money in running a port but then I hear this UAE company is making a killin'. There has to be money to be made in this or why did a British company do it all these years or why does a UAE company want it now if there is no money to be made?

The UAE is looking for worldwide capital assets like these to jump-start their Sharia financial markets.