The following release was published by CMA CGM:
- The planned investment will deliver advanced infrastructure, high-standard handling equipment, and sustainability upgrades in line with Saudi Vision 2030.
- The partnership aims to boost capacity, technology, and reliability at Jeddah Islamic Port, reinforcing its role as a key Red Sea logistics hub.
- Planned SAR 1.7 billion (US$450 million) investment; Sub-concession to be structured under RSGT’s existing concession with the Saudi Ports Authority (Mawani) as part of RSGT’s commitment to develop Terminal 4.
Red Sea Gateway Terminal (RSGT), Saudi Arabia’s national champion terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, have signed through its fully owned subsidiary CMA Terminals, a Term Sheet for a potential joint venture during FII9 in Riyadh, setting a clear pathway to build and operate Terminal 4 at Jeddah Islamic Port. The potential sub-concession would be structured under RSGT’s existing long-term concession with 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. The JV will operate as a separate 2.6 million TEU container terminal adjacent to the existing RSGT terminals.
The planned Terminal 4 SAR 1.7 billion (US$450 million) investment will deliver a 2.6 million 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, modernization, and customer-centric service at one of the Red Sea’s most strategic ports.
Through this partnership with CMA CGM at T4, RSGT continues to advance Saudi Arabia’s Vision 2030 by scaling its annual handling capacity up to 8.8 million TEUs and further establishing Jeddah container terminals as the region’s leading economic and logistics hub. The initiative also underscores RSGT’s close collaboration with Mawani, whose framework enables private-sector investment and continuous improvement across Saudi ports.
“This Term Sheet reflects a shared intent to bring additional capacity, reliability, and technology to Jeddah Islamic Port,” said Jens O. Floe, Group CEO 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.”
"This partnership exemplifies the Kingdom’s commitment to achieving Vision 2030 by transforming Saudi ports into world-class logistics hub. Mawani is honored to facilitate strategic collaborations that enhance capacity, connectivity, and innovation within our network. We remain committed to strengthening the Kingdom’s role as a
global gateway for trade, fostering economic growth, and contributing to a more competitive and sustainable future," stated H.E. Eng. Suliman Almazroua, President of the Saudi Ports Authority (Mawani).
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, stated: “I am pleased to announce this partnership with RSGT, which represents a new step in the development of Jeddah Islamic Port and supports Saudi Arabia’s Vision 2030. 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. This investment reflects our confidence in the Kingdom’s long-term ambitions and our commitment to supporting its economic transformation.”
With the new Terminal 4 capable of berthing and operating mega containerships with maximum efficiency, the planned collaboration aims to strengthen service quality and network connectivity for all Saudi customers, to prove and enhance the efficiency of Jeddah port as a central transhipment hub in the Red Sea area through leveraging CMA CGM’s global network with RSGT’s proven operational expertise at Jeddah Islamic Port. It supports the Kingdom’s broader logistics strategy to increase gateway throughput, expand transshipment, and reinforce the Red Sea’s pivotal role along the Europe–Asia–Africa corridor.
Source: CMA CGM