Stockmarketwire.com is reporting that DP World, owned by the Dubai government, has completed the acquisition of Fairview Terminal in Prince Rupert.

DP World has yet to comment on the report, but made their intentions to purchase the facility for $580 million known in April of this year. At the time, the sale was subject to Canadian regulatory approval.

The company says some of the benefits to the province and the region include access to DP "World's "state-of-the-art supply chain securities and safety practices" and "world-class productivity enhancing best practices in container terminal development and operation".

Look for more on this story as it becomes available.