RSGT and CMA CGM Announce Major Investment at Jeddah Islamic Port

Red Sea Gateway Terminal (RSGT), a leading port terminal operator in Saudi Arabia, and the CMA CGM Group, a global player in sea, land, air, and logistics solutions, have signed definitive agreements for the joint development and operation of Terminal 4 at Jeddah Islamic Port. This marks one of the largest foreign direct investments in Saudi Arabia’s maritime sector.

The signing ceremony took place in Paris, attended by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, and Emmanuel Macron, President of France. The project aligns with the Kingdom’s National Transport and Logistics Strategy and Vision 2030.

The investment of approximately $434 million (SAR 1.6 billion) will create a new state-of-the-art container terminal under RSGT’s existing concession, adding up to 2.6 million TEU of annual handling capacity. The development will include new deepwater berths and advanced port technologies, along with 10 new ship-to-shore gantry cranes.

The enhanced infrastructure will enable Jeddah Islamic Port to accommodate large-capacity vessels and major international shipping lines more efficiently. This supports increased trade volumes, stronger global connectivity, and more efficient access to international markets for Saudi imports and exports.

The partnership between RSGT, CMA CGM, and the Saudi Ports Authority (Mawani) demonstrates Saudi Arabia’s ability to attract leading international investors to support its logistics sector growth. The project will provide essential additional capacity to meet future trade growth and strengthen the port’s position on major global shipping routes.

For a developer: This investment highlights the strategic importance of Jeddah Islamic Port in global trade networks and the potential for growth in Saudi Arabia's logistics sector. It underscores the Kingdom's commitment to enhancing its infrastructure and attracting international partnerships.