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Algerian public giant Madar enters shipping

Broadcast United News Desk
Algerian public giant Madar enters shipping

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AIRPORT Expanding its activities into maritime transport. The Algerian public giant announced on Thursday, August 22, the creation of a new subsidiary called Madar Maritime Company (MMC), specializing in maritime transport and logistics.

The listed holding company explained that it had already purchased its first vessel and that by investing in this important sector it was committed to playing a “key role” in Algeria’s dynamism and economic growth. Madar pledged to provide “high-quality” maritime transport services to “support” trade.

The newly formed Madar subsidiary plans to acquire other ships to create a shipping fleet capable of meeting the needs of the Algerian market, which is dominated by foreign freight companies such as CMA CGM, MSC and Maersk.

Madar’s maritime subsidiary claims that it “benefited from significant financial resources that enabled it to acquire new vessels of different purpose and capabilities to strengthen its fleet”.

Madar explained, “The maritime and commercial logistics industry will now welcome a new public player, whose ambitions for growth and investment in strategic areas will continue to grow.”

Algeria, which seeks to develop non-hydrocarbon exports and strengthen its economic presence in Africa, already has a public maritime company but has been unable to gain a foothold in the market due to a lack of resources.

The Algerian Maritime Group (GATMA) includes a public maritime company for the transport of goods called Cnan El Djazaïr, which was formed by the merger of Cnan Nord and Cnan Med at the end of 2023.

The Group has a fleet of 13 vessels, of which seven were in operation at the time of the merger and six were under maintenance.

The public shipowner has a small share of the Algerian maritime market. In 2020, she Estimated 4% Abdellah Serai, President of the Algerian Shipping Agents Professional Association (Apama), said.

Madar reveals its ambitions in maritime sector

With the creation of a subsidiary specialized in maritime transport, Madar is expanding its business portfolio, which already includes tobacco business with two companies, one of which is in the UAE, textile business with Turk Tayal, automotive business with Renault Algeria, security, agri-food industry, especially the Jijel oilseed crushing plant, hotel industry, among others.

Madar also reclaimed, through its subsidiary Tafadis, the sugar mills of the Mazouz Group, whose owner, Ahmed Mazouz, was sentenced to a long prison term following an anti-corruption investigation launched in April 2019 following the fall of President Abdelaziz Bouteflika.

Tafadis plans to invest in producing sugar from sugar beets grown in Algeria’s Sahara Desert.



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