France's CMA CGM, Red Sea Gateway Terminal ink deal to develop and operate Jeddah port container terminal
ReutersOct 28, 2025 5:21 PM
CAIRO, Oct 28 (Reuters) - The Saudi Ports Authority, Mawani, announced an agreement between the Red Sea Gateway Terminal (RSGT) and France's CMA CGM to develop and operate a container terminal at Jeddah Islamic Port, Saudi state news agency SPA reported.
The investments for the project were estimated at 1.7 billion riyals ($453.28 million), SPA said.
($1 = 3.7504 riyals)
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