Big Lizards:Blog:Entry “UAE and American Ports: a Modest Proposal”: "Neither side has noticed that there is a fairly obvious compromise staring us in the face, which Big Lizards believes would resolve the very real security concerns without losing the equally real security benefits from this deal.
Both the actual national-security risk and also the political danger come, not from the ownership of the company, but rather from the day to day management -- the actual control of operations. The emirate wants the profits that accrue from ownership; rational Americans want to see control of the port, even the cargo areas, in friendly hands, preferably American.
This suggests a workable compromise: an American company should be chartered -- American owned and American managed -- that is a wholly owned but independently operated subsidiary of Dubai Ports... call it American Port Services, Inc., or somesuch name that makes clear the nationality; and then let all the actual management of the ports be handled by the American APS, not by Dubai Ports.
This will add a middle corporate layer, so Dubai Ports won't make quite as much of a profit as they would running the ports directly; but on the other hand, it's still better than no profit at all. And Americans can be assured that rather than shifting from British control to UAE control, we will in fact have shifted from British to American control of port operations."
Read the whole thing.