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Saudi developer weighs deal
The Citizen
|May 07, 2025
Saudi Arabian ports operator Red Sea Gateway Terminal (RSGTI), backed by the kingdom's $925 billion (nearly R17 trillion) sovereign wealth fund, is evaluating whether to bid to develop and run a fresh-produce terminal at Africa's biggest maritime hub.
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South Africa's state-owned ports operator on Monday issued requests for proposals for an operator to build and manage the development at the Maydon Wharf at the port of Durban.
The concession would be for 25 years, Transnet said.
"Red Sea Gateway Terminal International is a keen investor in the South African ports and related sectors" RSGTI director of Global Investments Gagan Seksaria said.
He said it was considering participating in the tender together with potential local partners.
This story is from the May 07, 2025 edition of The Citizen.
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