Red Sea Gateway opens a new chapter
The Red Sea Gate Terminal (RSGT), a terminal operator representing a partnership between the Saudi Industrial Services group Sisco and the Malaysian Mining Company (MMC), has officially taken over operations in the northern section of Jeddah Islamic Port, previously known as North Container Terminal (NCT).
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 USD 1.7 billion of investment in infrastructure, equipment and technology by 2050, with annual container throughput capacity growing to 8 million teu.
By 2023, the expanded RSGT, covering an area of 1.5 million sqm, will have increased annual container throughput capacity to 5.2 million teu. Already able to accommodate mega vessels of the 20,000 teu class and above, at the end of the first three-year phase of investment, RSGT will be equipped with 24 Super Post-Panamax quay cranes, 67 rubber-tyred gantry cranes (RTGs) and will offer 4,900 reefer plugs. (mw)