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CMA CGM to invest $434m in Red Sea gateway

[ August 25, 2026   //   ]

Red Sea Gateway Terminal (RSGT) and CMA CGM Group have signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with the Mawani Saudi Ports Authority.

One of the largest foreign direct investments in the Kingdom’s maritime sector, it will contribute to its National Transport and Logistics Strategy and Vision 2030 ambitions.

Some US$434 million (SAR 1.6 billion) will be invested in a new container terminal, adding up to 2.6 million TEUs of annual handling capacity, new deep-water berths able to handle the world’s largest container vessels and 10 new ship-to-shore cranes.

RSGT chairman Aamer Abdullah Alireza said: “This partnership represents a defining milestone for both RSGT and Saudi Arabia’s maritime sector. It reflects the Kingdom’s ability to attract world-class international investors and demonstrates growing confidence in Saudi Arabia’s economic future, logistics ambitions and strategic position at the heart of global trade. Together with CMA CGM, we are investing in infrastructure that will create long-term value, strengthen national competitiveness and support the Kingdom’s transformation into a leading global logistics hub.”

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