CMA CGM and RSGT Finalize $434 Million Deal for Jeddah Terminal 4
A definitive agreement between CMA CGM and Red Sea Gateway Terminal will see $434 million invested in expanding container handling capacity at the Port of Jeddah.
French ocean carrier CMA CGM and Red Sea Gateway Terminal have signed a definitive agreement to develop and manage Terminal 4 at the Port of Jeddah in Saudi Arabia.
The large-scale terminal project represents an aggregate capital investment of SAR 1.6 billion, equivalent to approximately $434 million.
Following the completion of development works, the new terminal facility is slated to add an estimated 2.6 million TEU in annual cargo handling capacity to the Red Sea maritime hub.
The venture reflects ongoing capital deployment into commercial port infrastructure along the Saudi coast, strengthening overall cargo handling capabilities at the Jeddah gateway.
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