The French shipping and logistics powerhouse has agreed to acquire a 35% stake in Egypt’s October Dry Port (ODP). Currently, CMA CGM operates the Tahya Misr container terminal at the Port of Alexandria and is preparing to launch a new terminal at Sokhna early next year. The investment in ODP will enhance CMA CGM’s logistics network across Greater Cairo, Upper Egypt, the Mediterranean, and the Red Sea regions.

Background on CMA CGM

Founded in 1978 by Jacques Saadé, CMA CGM (Compagnie Maritime d’Affrètement – Compagnie Générale Maritime) has grown to become one of the world’s leading container shipping companies. Headquartered in Marseille, France, the company operates a fleet of over 500 vessels, providing services to more than 160 countries.

CMA CGM has established itself as a pioneer in the shipping industry, known for its commitment to innovation and sustainability. The company was one of the first to implement eco-friendly practices and technologies, including the use of LNG (liquefied natural gas) to reduce emissions.

In recent years, CMA CGM has focused on expanding its logistics capabilities, offering integrated services that encompass shipping, inland transportation, and supply chain management. This strategy has positioned the company as a key player in global trade, especially in emerging markets.

The investment in Egypt’s October Dry Port aligns with CMA CGM’s broader strategy to enhance its logistics footprint and capitalize on growing trade routes in the region. With Egypt’s strategic location, the company aims to facilitate smoother trade flows and improve access to key markets in Africa and the Middle East.

As CMA CGM continues to expand its operations, it remains committed to delivering reliable and efficient services, supporting economic growth, and fostering international trade.

This expanded version provides a comprehensive overview of CMA CGM, enriching the context of the company’s investment in Egypt.