Saudi Industrial Services Co. (SISCO) has confirmed the signing of a Memorandum of Understanding (MoU) between its subsidiary Red Sea Gateway Terminal (RSGT) and the Saudi Ports Authority (Mawani), to further develop the northern part of Jeddah Islamic Port (JIP) on a long-term basis,
According to the MOU, RSGT will consolidate its current container facilities in the gateway port and also carry out a major development programme, upgrading and adding berth capacity, while modernising landside yard areas and support facilities, in a number of sites within the port. The investments will cover both RSGT’s existing terminal in the port and new facilities. “The aim”, the SISCO statement says, “is to create a world-class facility capable of serving the important local market, while also catering for the growing regional transshipment trade in line with key Vision 2030 objective of making the Kingdom a key logistics player in the region.”
RSGT was the first container terminal in the Kingdom built by the private sector under a build, operate, and transfer (BOT) agreement. It is currently the only terminal at Jeddah Islamic Port capable of fully accommodating container vessels of 14,000 teu capacity and above.
In 2018, RSGT volumes grew by more than 16% compared to 2017, reaching around 1.6 million teu. This is the second highest annual container throughput figure achieved by the terminal since it started operations in 2009. The volume handled in December last year, 166,000 teu, was in fact the highest ever monthly figure, with a new productivity record also achieved when handling the Cosco Kilimanjaro. A total of 6266 containers were moved over the RSGT quays in a 36-hour period.