CMA CGM is set to increase its presence in the Moroccan port sector, signing a 25-year concession agreement to take a joint-venture stake in the Nador West Med container terminal.
Under the terms of the deal, hammered out with state-controlled Moroccan port operator Marsa Maroc, CMA CGM will take a 49% stake in the under-development facility, to operate half of the first facility being built, the East Container Terminal.
Confusingly, development of …
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