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البلاد
Source: البلاد
1 Dayالبلاد
Source: البلاد
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Saudi Port Operating Company "Red Sea Gateway Terminal" is considering submitting a 25-year proposal to upgrade and operate a terminal at the Port of Cape Town. This move aims to increase cargo handling capacity and modernize the port's infrastructure. It is part of the efforts by Transnet National Ports Authority to appoint a new private operator for the Duncan Docks area, in order to enhance the port’s capabilities and boost the volume of traded shipments, following the expiration of the current lease agreement next year. South Africa faces significant challenges in its shipping network and logistics services, and addressing these issues is vital to spur the sluggish economic growth, which is less than 1% annually. Notably, "Red Sea Gateway Terminal," the first private sector-funded terminal operator in Saudi Arabia, participated in a meeting in Cape Town to assess partnership opportunities. The company is collaborating with Gulf and African firms on port expansion and modernization projects. The application deadline is November 20.
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