Print
PDF
RSGT and CMA CGM Advance Plans for Jeddah Terminal 4
Red Sea Gateway Terminal (RSGT) and the CMA CGM Group have signed an agreement that could lead to a potential joint venture to develop and operate Terminal 4 at Jeddah Islamic Port, one of Saudi Arabia’s most important maritime gateways. The proposed sub-concession would be structured under RSGT’s existing long-term concession with Mawani (Saudi Ports Authority) and forms part of RSGT’s option to expand Jeddah Islamic Port’s container handling capacity in the designated Terminal 4 area, as outlined in its 2020 concession agreement.
It is envisioned that the new joint venture will establish and manage a standalone 2.6 million TEU capacity container terminal, located adjacent to RSGT’s current operations at Jeddah Islamic Port. The planned Terminal 4 development represents a US$450 million investment in new port infrastructure, state-of-the-art handling equipment, and next-generation digital and sustainability technologies designed to enhance efficiency, capacity, and environmental performance.
According to Jens O. Floe, Group CEO of RSGT: “By structuring a sub-concession under our existing framework with Mawani, and bringing CMA CGM to consolidate their volumes on T4, we can accelerate upgrades and service enhancements while maintaining continuity and high standards across the terminal.”
The RSGT and CMA CGM collaboration reflects a shared commitment to advancing Saudi Arabia’s port modernisation agenda and supporting Jeddah Islamic Port’s position as a leading logistics hub on the Red Sea.
Also Read: CMA CGM Registers First Vessel In India
