Ink dries on Algerian agreements
DP World signed agreements with the Algerian government in November, to take over the operation of the ports of Algiers and Djen-Djen.
At Djen-Djen, in eastern Algeria, the joint venture will expand facilities according to market demand. "Djen-Djen has the potential to handle the new generation mega-vessels and become a major transhipment hub for the region," says DP World.
When the agreement was signed, DP World vice chairman Jamal Majid Bin Thaniah said: "Algeria is particularly well positioned, close to deepsea routes, to serve as a gateway to its substantial hinterland and to become a significant transhipment centre over time. We are excited by the potential for growth in this market and hope our Dubai World companies will explore the possibility of other opportunities to invest in Algeria in the future."
