News / CMA CGM signs 'ambitious' port and logistics partnership with Saudi Arabia

© Michael Vi

CMA CGM is “reinforcing its presence in the Red Sea region” as it signs a memorandum of understanding (MoU) in Saudi Arabia for port and logistics development projects. 

During French president Emmanuel Macron’s state visit to the kingdom, chairman and CEO of CMA CGM Group Rodolphe Saadé signed the MoU, but gave little detail of the projects, but said today the “ambitious agreement” was focused on developing port infrastructure in the Red Sea region and logistics and multimodal services “to enhance ...