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الاقتصادية
Saudi firm bids for Cape Town port terminal
The Saudi Ports Operating Company, "Red Sea Gateway Terminal," is studying the possibility of submitting a 25-year proposal to operate and renew a terminal at the Port of Cape Town in South Africa. The Transnet National Ports Authority aims to appoint a new private operator for the Duncan Docks area to increase cargo handling capacity and upgrade infrastructure, after the Port of Cape Town was rated as the worst performer worldwide last year due to operational crises and delays. This move is part of a broader reform effort to improve South Africa’s logistics network, which has experienced the weakest economic growth in a decade. The importance of this reform lies in supporting economic growth and enhancing the port’s ability to handle increasing shipments. The proposal must be submitted before November 20. "Red Sea Gateway Terminal," which operates the largest container terminal in Saudi Arabia, is partly funded by the Saudi sovereign wealth fund.
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