Negotiations are still underway between Dubai Port Group and Algerian authorities to snatch a share in Djen Djen container terminal (Jijel Wilaya) for investments there, well informed sources told El Khabar. The Emirate Company has expressed its readiness to invest 120 to $150bn to modernize the sea port and bring in new equipment while negotiations meant to allow the Emirate company to engage a partnership to manage Algiers container terminal came up to an advanced stage.
Dubai Port Group offer for partnership in Djen Djen sea port management came up to crown that giant path negotiations went through for Algiers container terminal management as the Emirate Company offered around $70m to manage the port.
According to the same sources, the ongoing negotiations can be crowned by a final agreement between the two parties before the end of the year.
The agreement is likely to contribute to leveling the performance of the port as was the case for Bejaia container terminal after the conclusion of an agreement with the US subsidiary in Singapore Portec.
To recall, State shareholdings minister Mr. Abdelhamid Temmar has already reassured the trade union representatives that Algiers container terminal will not be offered to the Emirate company until to be set for an international bid, but public authorities pursued negotiations with the Emirate group, which negotiations were rejected by the social partner on the ground that Algerian facilities can rely on Algerian capacities and avoid further exhaustion of the national resources.
Dubai Port Group offer for partnership in Djen Djen sea port management came up to crown that giant path negotiations went through for Algiers container terminal management as the Emirate Company offered around $70m to manage the port.
According to the same sources, the ongoing negotiations can be crowned by a final agreement between the two parties before the end of the year.
The agreement is likely to contribute to leveling the performance of the port as was the case for Bejaia container terminal after the conclusion of an agreement with the US subsidiary in Singapore Portec.
To recall, State shareholdings minister Mr. Abdelhamid Temmar has already reassured the trade union representatives that Algiers container terminal will not be offered to the Emirate company until to be set for an international bid, but public authorities pursued negotiations with the Emirate group, which negotiations were rejected by the social partner on the ground that Algerian facilities can rely on Algerian capacities and avoid further exhaustion of the national resources.