DP World wins 30 year operating concession at the Port of Algiers

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Global marine terminal operator DP World has officially taken control of operations at the Port of Algiers, now known as DP World Djazair. The addition of Algiers and shortly Djen Djen, Algeria, brings DP World’s global network to 49 terminals in 27 countries. The handover follows an official signing ceremony held in Algiers on November 10, 2008.

DP World’s 30-year concession is consistent with Algeria’s strategy to develop the two ports of Algiers and Djen Djen in line with national interests. DP World Djazair, which handles more than 60% of the country’s external trade, will be developed further to serve primarily domestic needs, while Djen Djen will become the main terminus for the eastern part of the country, as well as a transshipment hub for the Western Mediterranean.

Priorities at Algiers include reducing congestion and administrative delays at the port, which have seriously impeded Algeria’s competitiveness in recent years. As a first step towards its training goals, the company will send several Algerian workers to DP World terminals at Djibouti, Dakar and Dubai for two month apprenticeships. DP World expects to assume operation of Djen Djen port, to be known as DP World Djen Djen, in late April, 2009.

DP World CEO Mohammed Sharaf said: “While we are a global port operator, we are, importantly, an active member of the communities in which we operate. As with our other terminals, we will be investing in training and development of local people in Algeria, offering new opportunities for career growth as part of a global company. At the same time, we are pleased to be able to add Algeria to our global network, enhancing our ability to serve customers in North Africa.”

Anil Singh, DP World SVP and Director of Africa Region, added: “We are delighted to be partnering with Algeria and look forward to making a positive contribution to the Algerian economy. Applying DP World’s extensive experience and expertise to port operations at Algiers is the first step towards creating jobs both at the ports and in the wider community. Efficient infrastructure stimulates trade and the growth of business locally, which benefits both the local community and our business.”