{
  "id": 3350596,
  "title": "RSGT And CMA CGM Announce USD 434 Million Initial Investment (SAR 1.6 Billion) To Develop Terminal 4 And Add Up To 2.6 Million TEUs Of Capacity At Jeddah Islamic Port",
  "url": "https://urgent.news/2026/08/25/rsgt-and-cma-cgm-announce-usd-434-million-initial-investment-sar-1-6",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T21:00:31.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/rsgt-and-cma-cgm-announce-usd-434-million-initial-investment-sar-1-6-billion-to-develop-terminal-4-and-add-up-to-2-6-million-teus-of-capacity-at-jeddah-islamic-port/"
  },
  "original_language": "en",
  "account": "Red Sea Gateway Terminal (RSGT) and CMA CGM Group have announced a USD 434 million (SAR 1.6 billion) investment to develop Terminal 4 at Jeddah Islamic Port. This joint venture, in collaboration with the Saudi Ports Authority (Mawani), will add up to 2.6 million TEUs of capacity to the port. The agreement was signed in Paris during the French-Saudi Investment Roundtable Meeting, attended by Saudi Arabia's Crown Prince and Prime Minister, and French President Emmanuel Macron. The development will feature new deep-water berths capable of accommodating the world's largest container vessels, supported by state-of-the-art terminal technologies and 10 new ship-to-shore cranes. This project will bolster Jeddah Islamic Port's capacity to efficiently handle larger vessels, strengthen global connectivity, and support increased trade volumes for Saudi imports and exports. The partnership demonstrates Saudi Arabia's appeal to world-class international investors and its commitment to enhancing logistics infrastructure to support the National Transport and Logistics Strategy and Vision 2030 ambitions.",
  "summary": "Red Sea Gateway Terminal (RSGT), Saudi Arabia’s leading terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, yesterday signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani), marking one of the largest foreign direct investments in ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}