{"id":87714,"date":"2025-07-22T00:00:00","date_gmt":"2025-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/22\/cma-cgm-gets-the-go-ahead-for-its-stake-in-october-dry-port\/"},"modified":"2025-07-22T00:00:00","modified_gmt":"2025-07-22T00:00:00","slug":"cma-cgm-gets-the-go-ahead-for-its-stake-in-october-dry-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/22\/cma-cgm-gets-the-go-ahead-for-its-stake-in-october-dry-port\/","title":{"rendered":"CMA CGM gets the go ahead for its stake in October Dry Port"},"content":{"rendered":"

T<\/strong>he Egyptian Competition Authority (ECA) signed off on CMA CGM Inland Services\u2019 acquisition of a 35% stake in the October Dry Port Company (ODP)<\/strong>, according to a statement<\/a>. The green light clears the way for the French shipping giant\u2019s entry into the firm\u2019s USD 60 mn logistics project. <\/p>\n

Background:<\/strong> The transaction, first announced in April<\/a> of this year, is part of a broader strategic partnership aimed at boosting the port\u2019s operations and positioning it as a national and regional cargo hub. <\/p>\n

ICYMI- <\/strong>ODP is 70% owned by El Sewedy Electric, while 20% is held by SLP for Logistic Properties and 10% by Schenker Egypt. It remains unclear which of the companies\u2019 stakes CMA CGM bought out. The dry port is being developed under a build-operate-transfer (BOT) framework<\/a> in Sixth of October City.<\/p>\n

CMA CGM has been busy:<\/strong> The firm inked a USD 440 mn agreement with Turkish firm Borusan Holding to acquire 100% of its logistics and supply chain solutions firm Borusan Tedarik back in April<\/a>. The company\u2019s subsidiary CEVA also inked an agreement with Saudi Arabia\u2019s Almajdouie Logistics in October 2024<\/a> to form a joint venture to boost logistics and transport services in the Kingdom.<\/p>\n

A lot of love for Six of October City:<\/strong> Elsewedy Industrial Development was expected<\/a> to break ground on its industrial zone \u2014 Industria October \u2014 in New 6 October City upon receiving a 2.5 mn-sqm plot from the New Urban Communities Authority back in April 2024<\/a>. The zone is located near the 6 October dry port and linked by railway<\/a> to Alexandria port.<\/p>\n

REMEMBER- A hub for textile imports<\/strong>: Egypt\u2019s Customs Authority began allowing the import and customs clearance of textile and related products via the October dry port in January<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Competition Authority (ECA) signed off on CMA CGM Inland Services\u2019 acquisition of a 35% stake in the October Dry Port Company<\/p>\n","protected":false},"author":1,"featured_media":87715,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[26,49,137,37],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-cma-cgm","tag-egypt","tag-ma-watch","tag-ports","wpautop","entry"],"acf":{"mongo_id":"116f8528-3a0b-41cb-87c8-7342f07650c0","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/1387.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CMA CGM gets the go ahead for its stake in October Dry Port","related_issue":[87703],"teaser":"The Egyptian Competition Authority (ECA) signed off on CMA CGM Inland Services\u2019 acquisition of a 35% stake in the October Dry Port Company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.2cf283eb-bd20-4bc6-b62d-1bc941d89b6c.mp3"},"yoast_head":"\nCMA CGM gets the go ahead for its stake in October Dry Port - 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