Sustained Infrastructure Holding Company (SISCO Holding) announced that Red Sea Gateway Terminal (RSGT) has signed four 20-year Build, Operate and Transfer (BOT) concession agreements for the operation of four existing port facilities on the Red Sea with the Saudi Ports Authority (Mawani).

The newly acquired concessions that cover general cargo, dry and liquid bulk, crude oil, petrochemical, Ro/Ro, and livestock terminals will be run by RSGT’s 100% owned recently established Multi-purpose Terminals (MPT) business unit, which will assume operations of all non-containerized port facilities within the expanding RSGT portfolio. Under the new concession agreements, RSGT will consolidate the existing multi-purpose and Ro/Ro terminals at Jeddah Port, while assuming operational control of King Fahd Industrial Port Yanbu, Yanbu Commercial Port, and Jazan Port. King Fahd Industrial Port, located 326 km north of Jeddah, serves as the largest Red Sea gateway for crude oil and petrochemicals. Yanbu Commercial Port, 40 km further north, is the primary port for Medina, the Kingdom’s fourth-largest city. Jazan Port, 725 km south of Jeddah, is a major industrial and agricultural hub in Saudi Arabia’s southwest.

Over the first five years of the four concessions, RSGT will invest SAR 672 million (USD$180 million) in infrastructure, equipment and technology to bring the four facilities to world-class operational standards. Over the full 20-year term of the concession, RSGT will invest a total of SAR 1.569 billion (US$418 million) in upgrades for the four facilities. Combined average annual cargo throughput for these facilities is projected to be 3 million tons of General Cargo; 13 million tons of Bulk Cargo; 13.5 million tons of Liquid Bulk Cargo; 710,000 units of Ro/Ro (vehicular) Cargo; and 8 million head of livestock, RSGT will aggressively target container growth in Yanbu to develop the market in this region. The concessions will be effective from 1 July 2025 and as such, the financial impact will be reflected in SISCO Holding and RSGT’s financial statements from Q3 2025.