CMA CGM and RSGT confirm $434 million Jeddah terminal project

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CMA CGM and Red Sea Gateway Terminal (RSGT) have signed an agreement to develop and operate Terminal 4 at the Port of Jeddah with an investment of US$434 million. The new container terminal will have an annual capacity of about 2.6 million TEU, expanding the port's cargo handling capabilities.

CMA CGM and Red Sea Gateway Terminal (RSGT) have signed a definitive agreement to develop and operate Terminal 4 at the Port of Jeddah, Saudi Arabia. The project is expected to involve an investment of SAR 1.6 billion (US$434 million). Once completed, the new container terminal will provide around 2.6 million TEU of annual capacity. […] The post CMA CGM and RSGT confirm $434 million Jeddah terminal project appeared first on Container News.