Ports

RSGT and CMA CGM to invest USD 434 million in Terminal 4 at Jeddah Islamic Port

Red Sea Gateway Terminal (RSGT) and CMA CGM Group signed definitive agreements to jointly develop Terminal 4 at Jeddah Islamic Port with an investment of approximately USD 434 million (SAR 1.6 billion), adding up to 2.6 million TEUs of annual handling capacity. The project includes new deep-water berths and 10 new ship-to-shore cranes, reinforcing Saudi Arabia's position as a global trade and logistics hub.