Jeddah port gets 434m dollar boost
Saudi Arabia’s Red Sea Gateway Terminal (RSGT) and CMA CGM Group will invest $434 million to 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, 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 Emmanuel Macron, President of the French Republic.
Terminal Expansion
The project will create a new state-of-the-art container terminal, adding approximately up to 2.6 million teu of annual handling capacity, with 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.
This expansion will strengthen Jeddah Islamic Port’s ability to efficiently serve larger vessels and major international shipping services, further reinforcing the successful partnership between the Kingdom, represented by the Saudi Ports Authority (Mawani), RSGT, and CMA CGM Group.
The development demonstrates Saudi Arabia’s continued ability to attract world-class international investors to support the growth of its logistics sector and strengthen its position within global trade networks.
Investment Impact
The $434 million investment is a significant boost to Saudi Arabia’s maritime sector, and the new terminal is expected to play a key role in the country’s logistics and trade growth.
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Saudi Arabia is positioning itself as a major player in global trade, with a focus on creating world-class infrastructure to support the growth of its logistics sector.
The collaboration between RSGT, CMA CGM Group, and Saudi Ports Authority (Mawani) is a prime example of how public-private partnerships can drive growth and development in the maritime sector.
Port Capacity
The new terminal will have a significant impact on Jeddah Islamic Port’s capacity, allowing it to handle larger vessels and increase its annual handling capacity.
With the addition of advanced terminal technologies, the port will be well-equipped to handle the demands of international shipping lines.
The expansion of Jeddah Islamic Port is a key part of Saudi Arabia’s efforts to increase its trade and logistics capabilities.
