Red Sea Gateway Terminal (RSGT), Saudi Arabia’s national champion, and CMA CGM, one of the world’s largest

shipping groups, signed a Term Sheet for a joint venture during FII9 in Riyadh, setting a clear pathway to

negotiate a sub-concession for operating Terminal 4 at Jeddah Islamic Port under RSGT’s existing concession

with Mawani. The planned SAR 1.7 billion (US$450 million) investment targets state-of-the-art infrastructure,

advanced handling equipment, and digital & sustainability capabilities, a shared intent to bring more capacity,

reliability, and technology to Jeddah and deliver long-term foreign direct investment to the country. In

partnership with CMA CGM, RSGT is advancing Vision 2030 by scaling annual capacity toward 8.8 million TEUs

and positioning Jeddah as the region’s economic and logistics hub. This step reflects the continued collaboration

with Mawani, whose partnership framework enables private-sector investment and operational excellence at

the port. The Term Sheet is non-binding and does not constitute a final award; any future agreement remains

subject to definitive documentation and the necessary approvals.

“This Term Sheet reflects a shared intent to bring additional capacity, reliability, and technology to Jeddah Islamic

Port,” said Jens O. Floe, Group CEO of RSGT. “By structuring a sub-concession under our existing framework

with Mawani, we can accelerate upgrades and service enhancements while maintaining continuity and high

standards across the terminal.”

The planned collaboration is designed to strengthen service quality and network connectivity for customers,

leveraging CMA CGM’s global coverage and RSGT’s proven operational platform at Jeddah Islamic Port. It

supports ongoing efforts to increase throughput, grow transshipment, and reinforce the Red Sea hub along the

Europe–Asia–Africa corridor, while aligning with the Kingdom’s broader logistics ambitions.

Under the Term Sheet, the parties will:

• Conduct and finalize commercial, technical, and regulatory workstreams;

• Define the operating scope and capex plan for the designated container terminal area;

• Negotiate definitive sub-concession agreements, subject to board and regulatory approvals.

About Red Sea Gateway Terminal (RSGT)

Red Sea Gateway Terminal (RSGT) is Saudi Arabia’s first privately funded terminal operator (BOT),

headquartered in Jeddah. RSGT operates the country’s largest and most advanced container terminal at Jeddah

Islamic Port, accounting for approximately 39% of Saudi Arabia’s container throughput in 2024 and offering 6.2

million TEU of annual capacity.

To serve a broader range of customers and cargo types, RSGT offers Multi-Purpose Terminals (MPT) services

through a dedicated business unit that manages non-containerized cargo across four strategic locations on Saudi

Arabia’s Red Sea coast. The portfolio spans Jeddah Islamic Port, King Fahd Industrial Port in Yanbu, Yanbu

Commercial Port, and Port of Jazan, adding roughly 13.4 km of quay and 3.3 million m² of operational area.

Across container and multi-purpose operations, RSGT focuses on reliable performance, safety, and

sustainability, leveraging digital yard management, smart gate processing, and data-driven asset reliability, with a

roadmap that includes electric handling equipment and shore-power readiness where feasible.

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