SISCO, Mawani Ink MOU for Expansion of Jeddah Islamic Port

jeddah seaportImage Courtesy: Pixabay under CC0 Creative Commons license

Red Sea Gateway Terminal (RSGT), a subsidiary of Saudi Industrial Services Co. (SISCO), and Saudi Ports Authority (Mawani), have signed a memorandum of understanding (MOU) for further expansion of Jeddah Islamic Port (JIP) in Jeddah, Saudi Arabia. 

Under the MOU, which was signed on January 28, 2019, the parties intend to further develop northern part of JIP on a long-term basis, in addition to RSGT’s existing terminal.

JIP is Saudi Arabia’s largest seaport, handling approximately 50% of the all containerized volume of the country. Specifically, RSGT will consolidate the container facilities in northern part of Jeddah Port and execute a comprehensive development plan upgrading and adding berth capacity while modernizing yard and all support facilities, including RSGT’s existing terminal.

This is expected to create a world-class facility capable of serving the local market, while also catering for the growing regional transshipment trade, according to SISCO.

With a capacity of 2.5 million TEUs, RSGT is the first container terminal in the country built by the private sector. It is the only terminal at JIP capable of fully accommodating ultra large container vessels (ULCVs) of 14,000+ TEUs.

In 2018, RSGT volumes grew by more than 16% as compared to 2017.

The duo will announce more details once the binding terms are agreed.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >