RSGT to drop anchor in Djibouti: Saudi port operator Red Sea Gateway Terminal (RSGT) has inked an MoU to operate and manage Djibouti’s Tadjourah Port for 30 years, according to a statement. No investment ticket or timeline for the project has been disclosed.

About Tadjourah: The port — which spans 30 hectares — primarily supports local potash exports and serves as a multipurpose port for neighboring landlocked countries. It includes two berths and a 190m RoRo quay, and has the capacity to handle up to 2k tonnes of potash cargo per hour and up to 4 mn tonnes annually.

KSA’s making moves in Djibouti: A consortium of Saudi investors inked a 92-year contract back in June to establish a 120k sqm Saudi Logistics City in Djibouti Port freezone, which is poised to become the Kingdom’s largest logistics zone overseas. The project is set to position Djibouti’s port as a gateway for Saudi exports to Africa. The Kingdom’s Transport General Authority also inked a cooperation agreement to expand its ties with Djibouti in the maritime transport sector back in 2022.

RSGT has other overseas ventures: RSGT announced plans in January to invest up to USD200 mn in Bangladesh’s Chittagong Port’s Patenga Container Terminal — which it already manages through a 22-year concession — to expand its handling capacity.

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