Saudi Ports Authority and CMA CGM Sign Deal
Saudi Ports Authority (Mawani) signed a joint agreement with Red Sea Gateway Terminal Co. (RSGT) and France’s CMA CGM Group to develop and operate the fourth container terminal at Jeddah Islamic Port.
- Investment: SAR 1.7 billion
- Handling capacity: 2.6 million twenty-foot equivalent units (TEUs)
The agreement was signed during the ninth Future Investment Initiative (FII) conference in Riyadh and will raise RSGT’s annual operating capacity to 8.8 million TEUs.
The partnership will enhance service quality and strengthen Jeddah Port’s connectivity by leveraging CMA CGM’s global network and RSGT’s operational expertise.
Jeddah Islamic Port is the largest port on the Red Sea coast, featuring 62 multi-purpose berths.
Author's summary: Mawani and CMA CGM invest SAR 1.7B in Jeddah port terminal.
More News
- UK WBB: Clara Strack Named to Jersey Mike's Naismith Trophy Women's College Player of the Year Watch List - Mountain Top Media
- Flau’jae Johnson Shuts Down Governor’s Call for Charlie Kirk Statue at LSU, Social Media Rides With Her
- Jacob Elordi, Sydney Sweeney, & More to Receive 2026 SBIFF Virtuosos Award | News Channel 3-12
- Stranger Things 5 Trailer Unleashes All-Out War in Hawkins Ahead of Final Season! | SPIN1038
- Shares of Navan Down 16% In Long-Awaited IPO Debut
- NBA approves $10 billion Lakers sale to Mark Walter
- Stranger Things 5 trailer shows way more than we were ready for
- How Artissima’s Curatorial and Institutional DNA Sets It Apart from the Mega-Fairs
- O Canada! Summer tourism numbers hit all-time high | RCI
- Costa Rica Expat Back in LA Where Pura Vida Meets Melrose