The French shipping group CMA CGM has entered into an agreement with the Saudi Red Sea Gateway Terminal (RSGT) to establish a joint venture that will manage the new Terminal 4 for the traffic of container in the port of Jeddah. The new company will be owned by RSGT and CMA Terminals, a terminal subsidiary of the French group, and will manage the landing through a sub-concession under the concession deed in force since 2020 that RSGT signed with the national port authority Mawani, which includes an option to expand capacity precisely in the area of Terminal 4 ( of 23 December 2019). The joint venture will operate an area terminal which will have a capacity of 2.6 million TEU per year adjacent to the terminals currently operated by RSGT.

The new partnership plans to invest 1.7 billion riyals ($450 million) in the new Terminal 4.