January 28, 2021: The Egyptian authorities have confirmed their intention to enter into a long-term partnership with CMA CGM for the operation and management of Pier 55, the Port of Alexandria’s upcoming multi-purpose terminal. The terminal, which covers an area of 560,000 square metres with quays of over 2 kilometres in length, will have a capacity of around 1.5 million twenty foot equivalent units (TEUs) and will facilitate the deployment of the group’s larger vessels. Operations are planned to start in 2022.
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 6 ports, linking the country to the rest of the world. Each year, the group’s vessels cross the Suez Canal more than 700 times.