RSGT Red Sea Port Agreements Signed with Mawani for SAR 1.6 Billion

Jeddah, Saudi Arabia — Red Sea Gateway Terminal (RSGT), a subsidiary of SISCO Holding, has signed 20-year concession agreements with the Saudi Ports Authority (Mawani). The deals cover four general cargo facilities along the Red Sea coast. The total capital investment amounts to SAR 1.6 billion.

RSGT Red Sea Port Agreements: Strategic Expansion Across Key Ports

Under these agreements, RSGT will operate facilities at King Fahad Industrial Port in Yanbu, Yanbu Commercial Port, and Jazan Port. The deal also includes the general cargo and Ro-Ro terminals at Jeddah Islamic Port.

These long-term concessions align with Saudi Arabia’s efforts to boost private sector participation in port operations. The agreements support the Kingdom’s strategy to enhance efficiency and competitiveness across its maritime sector.

Saudi Port Privatization: Broader Investment Commitments

Mawani, working with the National Center for Privatization, signed multi-purpose cargo terminal concession contracts at eight ports. These deals follow a Build-Operate-Transfer (BOT) model with 20-year terms.

National partners include Red Sea Gateway Terminal, Saudi Global Ports Company, and others. In total, private sector investments for these agreements exceed SAR 2.2 billion. This reflects Saudi Arabia’s push to attract capital and expertise to develop its port infrastructure.

 

 

The Saudi Standard’s View: RSGT Expands Role in Red Sea Logistics with New Concessions

The latest RSGT Red Sea port agreements strengthen private sector involvement in Saudi Arabia’s port operations. With these long-term deals, RSGT expands its role in key Red Sea shipping hubs, boosting trade connectivity and efficiency.

Moreover, the agreements align with national ambitions to improve Red Sea logistics and position Saudi ports as central trade gateways. The SAR 1.6 billion investment highlights SISCO’s strategic focus on infrastructure growth.

Saudi Arabia’s use of BOT models and rising private investment reflects a clear shift toward privatization in port development. As RSGT increases its presence across major ports, its contribution to the Kingdom’s maritime and trade expansion continues to grow.

 

Explore Saudi port privatization projects and how BOT models are reshaping maritime infrastructure.

Learn more about Red Sea logistics and SISCO’s investments across Saudi Arabia’s ports.