RSGT Signs $433 Million Agreement with CMA CGM Group to Develop Jeddah Islamic Port

On October 29, 2025, RSGT entered into a SR1.7 billion ($433 million) agreement with the French-based CMA CGM Group to develop and operate a fourth container terminal at Jeddah Islamic Port. This strategic partnership aims to enhance the port’s capacity and strengthen its position as a major logistics hub on the Red Sea. The agreement represents a significant milestone in RSGT’s expansion strategy and demonstrates our commitment to advancing Saudi Arabia’s maritime infrastructure.