DP World formally takes over Djen Djen port

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 350km 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 trans-shipment hub for the western Mediterranean. DP World Djazair, which handles more than 60 per cent 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 DP World's global terminal portfolio is expected to attract new investment and create thousands of jobs in the region.

DP World Djen Djen will benefit from the introduction of a highly experienced management team.

Keep up with the latest business news from the region with the daily Emirates Business 24|7 newsletter. To subscribe to the newsletter, please click here.

Follow Emirates 24|7 on Google News.