Red Sea Gateway Terminal (RSGT), Saudi Arabia's leading terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, yesterday signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani), marking one of the largest foreign direct investments in Saudi Arabia's maritime sector.
The agreement was signed in Paris in conjunction with the French-Saudi Investment Roundtable Meeting, attended by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and His Excellency Emmanuel Macron, President of the French Republic. The agreement underscores the project’s strategic importance and its contribution to the Kingdom’s National Transport and Logistics Strategy and Vision 2030 ambitions.
The project will bring approximately USD$434 million (SAR 1.6 billion) 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. 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.
The enhanced marine infrastructure will strengthen Jeddah Islamic Port's ability to efficiently serve larger vessels and major international shipping services, supporting greater trade volumes, stronger global connectivity and more efficient access to international markets for Saudi imports and exports.
The project will provide future capacity to accommodate the Kingdom's growing trade requirements while strengthening the Port's position on major global shipping routes. The addition of deep-water berths will enable the terminal to efficiently accommodate larger, next-generation container vessels, helping attract and retain major shipping services, increase cargo flows and enhance the connectivity of Saudi businesses to global markets. In turn, this will support the competitiveness, resilience and efficiency of the Kingdom's import and export supply chains.
