USD 434 Million Terminal 4 Investment Planned for Jeddah Islamic Port
Red Sea Gateway Terminal and CMA CGM will jointly develop and operate the new terminal, adding up to 2.6 million TEUs of annual capacity.
Red Sea Gateway Terminal and CMA CGM have signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, with SAR 1.6 billion, or approximately USD 434 million, in planned investment.
The project is being developed in collaboration with the Saudi Ports Authority, Mawani, and will add up to 2.6 million twenty-foot equivalent units of annual handling capacity.
Terminal 4 will be built next to Red Sea Gateway Terminal’s existing complex and will form part of its current concession at the port. The development will include new deep-water berths designed to accommodate ultra large container vessels, alongside 10 new ship-to-shore cranes.
The agreements were signed in Paris during the French–Saudi Investment Roundtable, attended by Crown Prince Mohammed bin Salman and French President Emmanuel Macron.
Under the partnership, Terminal 4 will operate as a dedicated facility within the Red Sea Gateway Terminal–CMA CGM framework. The partners said the investment ranks among the largest foreign direct investments in Saudi Arabia’s maritime sector.
The project will also introduce advanced terminal technologies aimed at improving productivity and service reliability, while increasing the port’s ability to handle larger vessels and higher cargo volumes.
