CMA CGM Joins $434 Million Expansion of Saudi Arabia’s Jeddah Port

Red Sea Gateway Terminal and CMA CGM Group have agreed to invest an initial $434 million to develop a new container terminal at Saudi Arabia’s Jeddah Islamic Port, adding up to 2.6 million TEUs of annual capacity.

The companies signed definitive agreements to jointly develop and operate Terminal 4 in partnership with the Saudi Ports Authority, known as Mawani. The project will form part of RSGT’s existing concession at the Red Sea port.

The investment, equivalent to about SAR 1.6 billion, will fund new deep-water berths capable of handling the world’s largest containerships, along with advanced terminal equipment and 10 new