RSGT, CMA CGM Sign SAR1.6 Billion Agreement to Develop Jeddah Islamic Port Terminal

The Saudi Ports Authority (Mawani) announced the signing of an agreement between Red Sea Gateway Terminal (RSGT) and French shipping group CMA CGM to develop and operate the fourth container terminal at Jeddah Islamic Port, with an investment of approximately SAR1.6 billion. The agreement was signed on the sidelines of the Saudi-French Investment Roundtable Meeting in the presence of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and French President Emmanuel Macron, reflecting the port’s strategic position and growing role in global trade.