CMA CGM has struck a deal to operate and manage a planned new terminal at an Egyptian port.
Egypt’s authorities have confirmed their intention to enter into a long-term partnership with CMA CGM for the operation and management of Pier 55, the government-managed Port of Alexandria’s upcoming multi-purpose terminal, said CMA CGM.
“The terminal, which covers an area of 560,000 square meters with quays of over 2km in length, will have a capacity of around 1.5m TEUs and will facilitate the deployment of the Group’s larger vessels. Operations are planned to start in 2022,” stated CMA CGM.
This partnership will also include the development of logistics solutions, digitalisation, the contribution to the training of younger generations in maritime and logistics, as well as other investments.
In Egypt, the Group currently employs almost 300 people and calls at six ports.
The Mediterranean represents a major area for the development of operations in maritime transportation, port operations and logistics, said CMA CGM, which has terminal capacities of almost 7 million TEUs in the region, including Marseilles-Fos, Seville, Malta, Thessaloniki and Lattakia.
In August 2020, Hutchison Ports signed a long-term agreement with the Egyptian Navy on the development and operation of a new container terminal in Abu Qir, Egypt.
