Red Sea Gateway Terminal (RSGT) and CMA CGM Group have signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani).
The project will bring approximately $434 million in investment into Jeddah Islamic Port and create a new container terminal as part of RSGT’s existing concession, adding approximately up to 2.6 million TEUs of annual handling capacity.
Also, the development will include new deep-water berths designed to accommodate the world’s largest container vessels supported by advanced terminal technologies and 10 new ship-to-shore cranes, enhancing productivity, efficiency and service reliability for customers across the Kingdom and the wider region.
Rodolphe Saadé, Chairman and Chief Executive Officer of CMA CGM Group, said: “As global trade landscape continues to evolve and infrastructures need to expand and modernize, terminals are becoming increasingly strategic assets – essential to securing our operations, strengthening major trade corridors and providing our customers with greater reliability.”
Terminal 4 will be developed adjacent to the existing RSGT terminal complex at Jeddah Islamic Port and will operate as a dedicated container terminal under the RSGT-CMA CGM Partnership.