Red Sea Gateway Terminal (RSGT) and CMA CGM Group, through its subsidiary CMA Terminals, have signed a term sheet for a potential joint venture to build and operate Terminal 4 at Jeddah Islamic Port.
The planned Terminal 4 SAR1.7bn (US$450m) investment will deliver a 2.6m teu state-of-the-art new infrastructure, advanced handling equipment, and next-generation digital and sustainability capabilities, demonstrating both partners’ shared commitment to operational excellence, modernisation, and customer-centric service.
The potential sub-concession would be structured under RSGT’s existing long-term concession with the Saudi Ports Authority (Mawani) and forms part of RSGT’s option to expand Jeddah Islamic Port’s capacity on the allocated Terminal 4 area, as stipulated in the 2020 concession agreement.
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