Red Sea Gateway Terminal (RSGT) and the CMA CGM Group have signed an agreement for the joint development of a new container terminal, Terminal 4, at Jeddah Islamic Port (Saudi Arabia). Initial investments will amount to $434 million (approximately 1.6 billion Saudi riyals), which will allow up to 2.6 million TEU of annual capacity to be added.
The deal was concluded through definitive agreements between RSGT and CMA CGM with the Saudi Ports Authority (Mawani) and will be implemented under RSGT’s existing concession in the Red Sea port.
Key project parameters
- The investment will be used to build new deep-water berths designed for the largest container vessels in the world.
- The terminal is planned to be equipped with modern handling equipment and fitted with 10 new ship-to-shore cranes.
- The development model is oriented toward growing import-export flows and strengthening Jeddah’s role in key east-west shipping routes.
- The project is expected to expand the port’s ability to attract additional international lines and improve links between Saudi importers and exporters and overseas markets.
According to RSGT Executive Chairman Aamer Abdullah Alireza, the joint project with CMA CGM has become a “decisive milestone” for the company and for the country’s maritime sector. He said that infrastructure investments are intended to create long-term value, strengthen competitiveness, and support the Kingdom’s transformation into a global logistics hub.
RSGT and CMA CGM executives also highlighted the project. Lars Wang Christensen, CEO of RSGT, described the signing of the agreements as an important milestone for the development of the terminal and the Jeddah Islamic Port, while Rodolphe Saadé, chairman and CEO of CMA CGM, noted the growing importance of terminals as strategic assets for sustainable and more reliable operations in global trade corridors. CMA CGM is already present in 64 port terminals worldwide, and the expansion in Jeddah is in line with this strategy.
GLOAPM.COM