News / CMA CGM signs up to take a stake in Morocco's Nador West Port

Artist's impression (Photo: Marsa Maroc)

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 the Nador West Med port is split into the East ...