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DP World assumes second 30-year operating concession in Algeria
Source: BI-ME , Author: BI-ME staff
Posted: Mon June 1, 2009 6:29 pm
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ALGERIA. Global marine terminal operator DP World has formally taken over operations at the Port of Djen Djen, now DP World Djen Djen, in accordance with a 30-year operating concession signed early last month. 

Officials from the Ministry of Transport and the Ministry of Industry and Foreign Investment joined senior DP World management at a ceremony to mark the official handover of the terminal to the new entity, a joint venture between DP World and the Algerian port authority. 

DP World Djen Djen, located 350 kilometres east of the Algerian capital, is fundamental to the country’s long-term growth strategy. The port is the main terminus for the eastern part of the country, and will be developed as a transshipment hub for the western Mediterranean. 

DP World Djazair, which handles more than 60% of the country’s external trade, will be developed further to serve primarily domestic needs. Currently, Djen Djen handles only bulk traffic.

The latest addition to the Dubai group's global terminal portfolio is expected to attract significant new investment, and create thousands of new jobs in a region with one of the youngest populations in North Africa. DP World Djen Djen will benefit immediately from the introduction of a highly experienced management team, as well as training opportunities for terminal staff. 

The ceremony took place in the city of Jijel, approximately 11 kilometres west of the terminal.  Those present included Touati Yahya, the Ministry of Transport’s representative in the province of Jijel; Anil Singh, Senior Vice President and Managing Director for Africa Region, DP World; and Tarik El Farouki, Director General of DP World Djen Djen.

DP World Djen Djen is the second DP World concession in Algeria, the first being the Port of Algiers, now DP World Djazair, whose handover was completed on 19 March of this year. DP World Djazair employees have already completed advanced simulator instruction at DP World’s flagship terminal Jebel Ali, in Dubai, and are currently undergoing on-the-job training at DP World’s Doraleh Container Terminal.

Tarik El Farouki, Director General, DP World Djen Djen, said: “DP World is delighted to be partnering with Algeria to develop Djen Djen’s tremendous potential. The terminal will have an immediate positive effect on the local economy through job and business creation, significant new training opportunities and the provision of efficient, quality logistics services.”

Anil Singh, Senior Vice President and Managing Director, Africa Region, said: “The Port of Djen Djen, now DP World Djen Djen, will play a critical role in facilitating Algeria’s growth and development.  We are very excited to be able to put the management expertise, technology and entrepreneurial spirit of DP World to work in realising Djen Djen’s potential, both for the benefit of our customers and the Algerian people.”

See also www.dpworld.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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INTERNATIONAL. This isn't about Netanyahu and Obama, and both know it. It is about the reconfiguration of a region the US cannot subdue and cannot leave. It is the essence of great power strategy: creating a balance of power in which the balancers are trapped into playing a role they don't want.
INTERNATIONAL. This isn't about Netanyahu and Obama, and both know it. It is about the reconfiguration of a region the US cannot subdue and cannot leave. It is the essence of great power strategy: creating a balance of power in which the balancers are trapped into playing a role they don't want.
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