According to cyprusshippingnews.com, Red Sea Gateway Terminal (RSGT) and CMA CGM Group signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port in partnership with Saudi Ports Authority (Mawani), representing one of the largest foreign direct investments in Saudi Arabia’s maritime sector.
USD 434 Million Investment and Strategic Alignment
The project brings approximately USD 434 million (SAR 1.6 billion) in investment into Jeddah Islamic Port and directly supports the Kingdom’s National Transport and Logistics Strategy and Vision 2030 ambitions. The agreement was signed in Paris during the French-Saudi Investment Roundtable Meeting, attended by Crown Prince and Prime Minister His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud and President of the French Republic His Excellency Emmanuel Macron. This high-level endorsement underscores the project’s national strategic weight and its role in advancing Saudi Arabia’s logistics transformation agenda.
New Capacity and Infrastructure Enhancements
The development will add approximately up to 2.6 million TEUs of annual handling capacity to Jeddah Islamic Port as part of RSGT’s existing concession. It includes 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. These upgrades are intended to enhance productivity, efficiency, and service reliability for customers across the Kingdom and the wider region — directly strengthening the port’s ability to serve larger vessels and major international shipping services.
Leadership Perspectives on National Impact
H.E. Eng. Suliman bin Khalid Al-Mazrou, President of the Saudi Ports Authority, affirmed that the agreement represents a significant milestone reflecting the Kingdom’s attractiveness for investment in the maritime sector and growing global investor confidence in the Saudi ports ecosystem. Aamer Abdullah Alireza – Executive Chairman of the Board of Directors of RSGT – stated:
“This partnership represents a defining milestone for both RSGT and Saudi Arabia’s maritime sector. It reflects the Kingdom’s ability to attract world-class international investors and demonstrates growing confidence in Saudi Arabia’s economic future, logistics ambitions and strategic position at the heart of global trade.” — Aamer Abdullah Alireza, Executive Chairman of the Board of Directors of RSGT
Long-Term Commitment to Regional Connectivity
Lars Vang. Christensen, Group Chief Executive Officer of RSGT, emphasized the project’s long-term value:
“Today’s signing marks a significant milestone in the development of RSGT and Jeddah Islamic Port. The agreement also reflects our long-term commitment to supporting Saudi Arabia’s logistics ambitions as well as our service to valuable customers. Through our upcoming partnership with CMA CGM, and with the continued support of the Ministry of Transport and Logistics Services and Mawani, we are delivering a project that will increase our container capacity significantly, enhance RSGT’s competitiveness and create long-term value for the Kingdom.” — Lars Vang. Christensen, Group Chief Executive Officer of RSGT
Source: cyprusshippingnews.com
Compiled from international media by the SCI.AI editorial team.
