Red Sea Gateway Terminal (RSGT) is adding four facilities along Saudi Arabia’s Red Sea coast to its portfolio, expanding its services into multipurpose terminal operations.
It has signed four 20-year built-operate-transfer (BOT) concessions with Saudi Ports Authority (Mawani) and will assume operational responsibility for the general cargo and ro-ro terminals at Jeddah Islamic Port (which will be consolidated into a single multipurpose terminal); container operations at King Fahd Industrial Port, Yanbu; the dry bulk and general cargo operations at Yanbu Commercial Port; and the general cargo and dry bulk operations at the port of Jazan.
The operations of these concessions will be under the purview of RSGT’s new multipurpose terminals (MPT) business unit, which will manage all non-containerised cargo segments including dry and liquid bulk, livestock, ro-ro, general cargo, and project cargo.
RSGT expects to invest a minimum of SAR1.6 billion (USD426 million) over the 20-year concession period, with SAR700 million (USD187 million) allocated for expenditure within the first five years. These investments will focus on upgrading infrastructure, deploying advanced equipment and introducing smart technologies.
“Our expansion into multipurpose terminals marks a milestone in the evolution of our strategic vision,” said RSGT ceo Jens Floe. “This investment also lays the foundation for the next phase of our growth strategy, as we expand our international footprint across all cargo segments.”
