Saudi Arabian ports operator Red Sea Gateway Terminal International (RSGTI), with backing from the kingdom's $925 billion sovereign wealth fund, is reportedly evaluating a bid to develop and operate a fresh produce terminal at South Africa's Durban port. This consideration follows a request for proposals by South Africa's state-owned Transnet, offering a 25-year concession at Maydon Wharf, as reported by Daily Investor.
RSGTI is looking into a potential bid with local partners. "Red Sea Gateway Terminal International is a keen investor in the South African ports and related sectors," stated RSGTI director of Global Investments, Gagan Seksaria.
The proposed Durban terminal development spans 145 hectares, featuring 15 berths and a 7 million-ton annual cargo capacity. South Africa, recognized as the world's second-largest citrus exporter, is seeking increased private sector participation in its underperforming ports, which have negatively impacted the economy. The country exports grapefruits, lemons, and oranges to markets including South Korea and the Middle East. However, Transnet is facing ongoing challenges such as corruption, theft, and outdated equipment, which threaten this key economic sector.
RSGTI's interest in South Africa aligns with its recent operational achievements. In a social media post dated May 5, 2025, the company stated: "RSGT established a new terminal operations productivity record of 53.56 Gross Moves per Hour, powered by automated cranes, while working the SSF Dream on March 20th. The 3,534 TEU capacity container ship operates as part of the CMA CGM FAS weekly Gulf Jeddah Feeder 1 Service."
Source: African Insider