RSGT, CMA CGM Announce $434m to Develop New Container Terminal at Jeddah Islamic Port

CMA CGM, Saudis ink deal for $434 million Jeddah port investment

It is the carrier’s second massive terminal investment in the Middle East in the past few months and highlights the important role Jeddah plays as an alternative gateway to the war-torn Persian Gulf.

RSGT, CMA CGM Announce $434m to Develop New Container Terminal at Jeddah Islamic Port

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…

Jeddah Islamic Port to develop fourth terminal with SAR1.6bn investment, 2.6m-TEU annual capacity

The project will add deep-water berths, advanced operating systems and 10 ship-to-shore cranes, allowing the port to handle the latest ultra-large container vessels.

New Jeddah container terminal will ease Hormuz reliance

Saudi Arabia is planning to build a new container terminal at Jeddah Islamic Port on the central Red Sea coast. This will help reduce reliance on the Strait of Hormuz and expand cargo-handling capacity at the second-busiest port in the Arab world. The fourth terminal at the port will be jointly developed and operated by Red Sea Gateway Terminal (RSGT) and French shipping group CMA CGM, the Saudi Ports Authority (Mawani) said in a social media po…