Saudi Arabia Terminal Operator Mulls 25-Year Cape Town Port Deal

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessSaudi Arabia Terminal Operator Mulls 25-Year Cape Town Port DealSaudi Arabian ports operator Red Sea Gateway Terminal is considering bidding for a 25-year concession to refurbish and operate a terminal at the Port of Cape Town.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Saudi Arabian ports operator Red Sea Gateway Terminal is considering bidding for a 25-year concession to refurbish and operate a terminal at the Port of Cape Town.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTransnet National Ports Authority is seeking a new private operator for the Duncan Dock Precinct, one of two multipurpose terminals at the port, as it looks to increase cargo-handling capacity and modernize infrastructure to accommodate growing volumes of containerized, dry-bulk and break-bulk cargo. The terminal is currently operated under a lease that expires next year.The move is the latest effort by Transnet SOC Ltd. to turn around the port after it was ranked the world’s worst performer last year by the World Bank and S&P Global. The company, which is owned by the South African government, has also introduced a predictive wind model to curb weather-related disruptions and a digital platform to improve cargo planning to tackle equipment failures, shipping delays and other bottlenecks that have weighed on productivity. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againFixing South Africa’s freight and logistics network is critical to reviving an economy that has expanded by less than 1% a year on average for more than a decade, with transport constraints repeatedly cited as a brake on faster growth.RSGT, Saudi Arabia’s first privately funded terminal operator, joined a meeting of prospective bidders in Cape Town on Thursday to “evaluate participation,” said Gagan Seksaria, its director of global investments. The company, which operates the kingdom’s largest container terminal, is partly-owned by the Public Investment Fund, the nation’s sovereign wealth fund, and has also considered bidding for a fresh-produce terminal at the port of Durban.Transnet didn’t immediately respond to a request for comment. Over the past decade Gulf states have spent more than $100 billion in Africa on everything from energy, agriculture, and logistics. The United Arab Emirates-based DP World Ltd. has ongoing projects to expand Maputo Port in Mozambique and the Democratic Republic of Congo’s first deep-water port.Bids to operate the Cape Town terminal close on Nov. 20. Sign up here for the daily Next Africa newsletter and subscribe to the Next Africa podcast on Apple, Spotify or anywhere you listen.—With assistance from Loni Prinsloo.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.