Dubai Ports Group offers over $120mn for Djen Djen Port

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.