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Saudi firm plans Cape Town port operation
The Saudi company "Red Sea Gateway Terminal" is considering submitting a proposal to operate a multipurpose terminal at the Port of Cape Town in South Africa, under a 25-year concession. The aim of this move is to renew and operate the terminal, increase its capacity, and enhance its infrastructure in response to the growing volumes of containers and cargo. This comes after last year’s classification of the Port of Cape Town as the worst-performing port worldwide, as part of efforts to improve performance and develop the shipping and logistics sector in the region to support economic growth. The current lease contract for the terminal is set to expire next year. Bids are expected to be submitted before November 20, and this initiative is part of ongoing efforts to reform and modernize ports in South Africa.
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