Red Sea Gateway Terminal and CMA CGM have moved ahead with plans for a fourth container terminal at Jeddah Islamic Port. This comes after the two sides signed a SAR1.6bn ($427m) development and operating agreement.
Moreover, the Saudi Ports Authority Mawani revealed that the deal was signed in Paris on Monday on the sidelines of the Saudi-French Investment Roundtable.
Capacity
Terminal 4 will add around 2.6m teu of annual capacity at the Red Sea gateway and will be developed under RSGT’s existing long-term concession with Mawani.
Furthermore, the agreement takes the project beyond the term-sheet stage reached last October, when RSGT and CMA CGM outlined a potential joint venture and put planned investment at SAR1.7bn ($450m).
That earlier plan called for new terminal infrastructure and cargo-handling equipment. Also, it called for digital systems, with the additional capacity set to lift RSGT’s Jeddah handling capability to around 8.8m teu per year.
RSGT completed a major expansion of its existing northern container terminal in 2024, lifting capacity there from 2.5m teu to 6.2m teu.
No construction or start-up timetable for Terminal 4 was disclosed in the latest announcement.
This terminal project reflects Saudi’s efforts to develop maritime infrastructure in bid to become a leading maritime logistics hub in the region.
Project Factsheet: Jeddah Islamic Port Terminal 4 Development
Project Name: Terminal 4 (T4) Development and Operation
Location: Jeddah Islamic Port, Red Sea Coast, Saudi Arabia
Key Partners: Red Sea Gateway Terminal (RSGT) & CMA CGM Group (via CMA Terminals)
Governing Authority: Saudi Ports Authority (Mawani)
Investment Value: SAR 1.6 Billion (~$427 Million – $434 Million)
Capacity Increase: +2.6 Million TEU (Twenty-foot Equivalent Unit)
Target Total Capacity: 8.8 Million TEU per year across RSGT Jeddah operations
Concession Model: Sub-concession under RSGT’s existing long-term agreement with Mawani
Key Infrastructure and Gear: New deep-water berths, 10 Ship-to-Shore (STS) cranes, advanced digital handling systems
Strategic Goals: Expand transshipment along Europe–Asia–Africa trade corridors; align with Saudi Vision 2030.
Project Team
Core Operating & Investment Partners
Red Sea Gateway Terminal (RSGT): Lead terminal operator and primary concession holder. RSGT is a Saudi-based independent terminal operator.
CMA CGM Group: Global shipping and logistics company co-developing and operating the terminal. Executed through its dedicated port infrastructure subsidiary, CMA Terminals.
Government & Regulating Authorities
Saudi Ports Authority (Mawani): The government body overseeing national port operations and issuing the underlying concession framework.
Ministry of Transport and Logistics Services: Government body guiding the Kingdom’s National Transport and Logistics Strategy under Vision 2030.
Financial and Advisory Partners
J.P. Morgan: Served as the financial adviser for the transaction and joint venture structuring.
RSGT Shareholders (Indirect Entities Involved)
Public Investment Fund (PIF): Saudi Arabia’s sovereign wealth fund (holds a 20% equity stake in RSGT).
COSCO SHIPPING Ports Limited (CSPL): Global port operator (holds a 20% equity stake in RSGT).
SISCO Holding (Saudi Industrial Services Co.): Major founding shareholder in RSGT.
Xenel Industries & MMC Corporation Berhad: Founding strategic investor group.
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