CMA CGM aims to expand its footprint in Egypt, leveraging the country’s strategic position as a gateway to the Mediterranean, Red Sea, and broader Middle East and African markets.
The French shipping and logistics powerhouse has agreed to acquire a 35% stake in Egypt’s October Dry Port (ODP).
CMA CGM, which currently operates the Tahya Misr container terminal at the Port of Alexandria and is preparing to launch a new terminal at Sokhna early next year, stated that the ODP investment will enhance its logistics footprint across Greater Cairo, Upper Egypt, the Mediterranean, and the Red Sea regions.
ODP, which is directly linked to all of Egypt’s seaports, functions as a key logistics hub, streamlining cargo clearance and easing congestion at maritime ports.
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