Red Sea Gateway Terminal (RSGT), Saudi Arabia’s national terminal operator, and CMA Terminals are exploring a potential joint venture (JV) to develop Terminal 4 at Jeddah Islamic Port.
The JV would operate under RSGT’s existing long-term concession with Mawani, forming part of the company’s option to expand the port’s capacity on the allocated Terminal 4 area under the 2020 concession agreement.
“This Term Sheet reflects a shared intent to bring additional capacity, reliability, and technology to Jeddah Islamic Port,” said Jens O. Floe, group chief executive 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 planned US$450 million Terminal 4 investment will establish a 2.6 million teu container terminal, equipped with state-of-the-art infrastructure, advanced handling systems and next-generation digital and sustainability technologies.
The terminal will operate adjacent to RSGT’s existing facilities and serve as a separate, modernised hub for container traffic.
The collaboration supports Saudi Arabia’s Vision 2030, helping RSGT scale its annual throughput to 8.8 million teu and reinforcing Jeddah as a regional economic and logistics hub.
“By combining CMA CGM’s global expertise with RSGT’s local strength, we will contribute to making Jeddah a key logistics gateway on the Red Sea,” said Rodolphe Saadé, chair and chief executive of CMA CGM Group.
The new Terminal 4 will be capable of accommodating mega containerships while maintaining high operational efficiency. The joint venture aims to enhance service quality, network connectivity and transshipment capabilities.
