The Red Sea Gate Terminal (RSGT) has significantly expanded its operational capabilities and capacity at the Jeddah Islamic Port. The RSGT recently took over operations in the northern section of the Jeddah Islamic Port (previously known as the North Container Terminal). A new 30-year concession agreement for the existing north port facility concluded at the end of last year between RSGT and the Saudi Arabian Ports Authority (Mawani), calls for $1.7 billion investment in infrastructure, equipment and technology by 2050, with the annual container throughput capacity growing to 8 million TEUs (20-foot equivalent units).
“As we begin operations at the northern part of the Jeddah Islamic Port today, we are very proud to commemorate this tremendous milestone of the RSGT growth strategy, demonstrating our ongoing and long-standing commitment to expansion, modernization, and world-class terminal services,” said RSGT CEO Jens O. Floe.
By 2023, the expanded RSGT, covering an area of 1.5 million square meters, is expected to increase its annual container throughput capacity to 5.2 million TEUs. The RSGT is presently able to accommodate ultra-large container ships (ULCS) of 20,000 TEUs and above. At the end of the first three-year phase of investment, it will be equipped with 24 super post-Panamax quay cranes, 67 rubber-tired gantry (RTG) cranes, and will offer 4,900 reefer plugs.
HIGHLIGHT
By 2023, the expanded RSGT, covering an area of 1.5 million square meters, is expected to increase its annual container throughput capacity to 5.2 million TEUs.
“This carefully planned program of growth and investment will firmly establish RSGT as the largest logistics gateway, and the busiest container terminal, in Saudi Arabia, and on the Red Sea,” said Floe.
The Red Sea Gate Terminal has signed an Islamic financing agreement with Banque Saudi Fransi and Al-Rajhi Bank for the project.
“We are looking forward to executing this outstanding project and thank the government of the Kingdom of Saudi Arabia, the Ministry of Transportation and Mawani for their foresight and trust in our ability to continue to bring excellence to the trade,” Floe added.
The RSGT is an international terminal operator representing a partnership between the Saudi Industrial Services Company (SISCO) and the Malaysian Mining Company (MMC).
