Dubai Ports Group in talks to manage Djen Djen Port in Algiers

Negotiations between Dubai Port Group and Algerian authorities for the Emirates-based company to form a partnership to manage Algiers container terminal are said to be gearing up, according to an Algiers newspaper, El Khakar.

Dubai Port Group is said to be prepared to invest between US$120 billion and $150 billion in the Djen Djen container terminal (Jijel Wilaya). The investment would go towards modernizing the seaport and purchasing new equipment.

Sources close to the deal said the company offered to invest around $70 million to manage the terminal in the latest round of talks. A final agreement is expected between the two parties before the end of the year.

State Shareholdings Minister Abdelhamid Temmar is said to have already given his reassurances to union representatives that Algiers container terminal will not be offered to Dubai Port Group without competitive bidding.

In spite of this claim, public authorities have been pursuing negotiations with the Emirates group.