No bail out for DP World
The government of Abu Dhabi has given neighbouring Dubai a loan of $10bn, part of which will go towards covering financial obligations currently faced by Dubai World.
An analyst in Algeria claims that whatever the problems faced by Dubai World, DP World's involvement in various port and logistics projects in that country will not be greatly affected.
In Algeria, it operates the ports of Algiers and Djen Djen, where it is to invest ¢84m ($121m) over the next three to four years.
At Algiers, the container terminal will expand capacity to 800,000 teu through the acquisition of new handling equipment and increases in productivity. At Djen Djen, developments will turn this port into a major transhipment hub over the next few years.
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