On 11 November, global marine terminal operator DP World and the Algerian government signed agreements giving DP World operational control over the ports of Algiers and Djen-Djen.
The agreement created a 50:50 joint venture between DP World and the two Algerian port authorities, with DP World committing to an initial investment of some €84m over the next three to four years.
The main container terminal at Algiers is due to be redeveloped under the joint venture, with capacity expected to be expanded from the current 500,000 TEU to approximately 800,000 TEU and investments made on new cranes, equipment and training.
The Djen-Djen facility will also be expanded, as the joint venture sees an opportunity for the port to become a major trans-shipment hub for the region.
DP World CEO Mohammed Sharaf commented: “We are pleased to be able to add Algeria to our global network, enhancing our ability to serve customers in North Africa.”