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Red Sea Gateway Terminal completes 6 million TEU expansion porttechnology.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from porttechnology.org Daily Mail and Mail on Sunday newspapers.
Saudi Ports Authority, Mawani, has completed development works at Jeddah Islamic Port’s North Container Terminal, increasing its handling capacity from 2.5 million TEUs to 6.2 million TEUs. It was completed at a cost of $266 million. ....
Saudi Jeddah Port eyes three overseas deals worth $500mln each The operator of Saudi Arabia’s Red Sea Gateway Terminal is looking to invest in ports in Africa and the Middle East, following backing from the Kingdom’s sovereign wealth fund (PIF), Bloomberg reported. “The RSGT plans to invest in at least three international ports in the next five years,” port chief Jens Floe said. Each investment is worth $500 million, he said. It is also aiming to spend up to $1.7 billion developing its main port in Jeddah on the Red Sea, as well as potentially investing in other Saudi ports, Bloomberg said. ....
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