DP World is expanding its role as a global marine terminal operator with the signing of joint venture agreements to operate two ports in Algeria and officially taking over handling of the Yemeni port of Aden, Gulf industry reported.
DP World will operate the ports of Algiers and Djen-Djen. The joint venture partnership, which is a 50:50 shareholding between DP World and the two Algerian port authorities, entails a 30-year concession at each of the ports, with DP World operating the two facilities.
DP World has committed to an initial investment of US$108 million over three to four years.
The joint venture will redevelop the main container terminal at Algeria to expand capacity to around 800,000 TEU, investing in new cranes, equipment and training to improve efficiency and productivity.
Currently, capacity is around 500,000 TEU. The joint venture will also invest in expanding the new Djen-Djen facility in eastern Algeria over time, 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.
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