Saudi Arabian terminal operator Red Sea Gateway Terminal (RSGT) and France’s CMA CGM Group said on Tuesday they had signed an agreement to jointly develop
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Saudi Arabian terminal operator Red Sea Gateway Terminal (RSGT) and France’s CMA CGM Group said on Tuesday they had signed an agreement to jointly develop and operate a terminal at Jeddah Islamic Port.
The investment, in collaboration with the Saudi Ports Authority (Mawani) and aimed at developing Terminal 4 of the port, is expected to be about 1.6 billion riyals ($434 million).
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