$434m Jeddah Terminal Deal: How Saudi Arabia Bets on Red Sea Trade

Saudi Arabia and France have finalized a $434 million agreement to develop a new container terminal at Jeddah Islamic Port, marking a significant expansion of the kingdom’s maritime infrastructure. The deal was signed in Paris by Crown Prince Mohammed bin Salman and French President Emmanuel Macron, formalizing a partnership between Saudi Arabia’s Red Sea Gateway Terminal (RSGT) and French shipping giant CMA CGM. The new Terminal 4 will increase the port’s annual capacity by 2.6 million TEU, addressing growing demand in a region facing logistical challenges. The project comes as…

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