Red Sea Gateway Terminal (RSGT) and CMA CGM Group signed a Term Sheet at FII9 in Riyadh to create a joint venture for Terminal 4 (T4) at Jeddah Islamic Port.
The partners plan to invest SAR 1.7 billion (US$450 million) to build and operate a 2.6 million TEU terminal. The project will be structured as a sub-concession under RSGT’s existing agreement with the Saudi Ports Authority (Mawani).
The new terminal will feature modern infrastructure, advanced handling equipment, and digital and green technologies in line with Saudi Vision 2030.
“This Term Sheet reflects our shared goal to boost capacity, reliability, and technology at Jeddah Islamic Port,” said Jens O. Floe, Group CEO of RSGT. “By partnering with CMA CGM under Mawani’s framework, we can speed up upgrades and deliver high service standards.”
H.E. Eng. Suliman Almazroua, President of Mawani, said: “This partnership supports Vision 2030 by transforming Saudi ports into world-class logistics hubs. It strengthens the Kingdom’s position as a global trade gateway.”
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, added: “Working with RSGT marks a new step in Jeddah’s growth. Together, we will make the port a leading logistics gateway on the Red Sea.”
Once operational, Terminal 4 will handle mega containerships with maximum efficiency. It will increase capacity, improve service quality, and reinforce Jeddah’s role as a key Red Sea transshipment hub.
The project supports Saudi Arabia’s strategy to expand port throughput and strengthen its logistics network across the Europe–Asia–Africa corridor.
