Egyptian President Abdel Fattah El-Sisi pressed CMA CGM Group chairman and chief executive Rodolphe Saadé to expand the French group’s operations and investments in Egypt, with a focus on the Suez Canal Economic Zone, according to the Egyptian presidency.
The talks, held in Nairobi on the sidelines of the Africa-France Summit, centred on CMA CGM’s role in Egypt’s maritime and dry ports sector and Cairo’s push to draw more investment into transport and logistics infrastructure.
Sisi cited CMA CGM’s involvement in establishing and operating the Red Sea Container Terminal at Port Sokhna, Egypt’s first semi-automated container terminal. He pointed to state investment incentives and infrastructure development as grounds for a larger CMA CGM presence in the country.
Saadé said the group was committed to strengthening its position in Egypt and using the country’s location, maritime transport, shipping and logistics capabilities. The meeting also covered pressure on maritime routes, global trade bottlenecks and supply chain stability, including energy and food security.
CMA CGM Group is a French société anonyme headquartered in Marseille, with activities in container shipping, logistics, port terminals and air cargo through its subsidiaries and controlled businesses.
Red Sea Container Terminal is a container terminal project at Port Sokhna on Egypt’s Red Sea coast, linked to the country’s port and logistics infrastructure development.
