Transnet opens bidding for Durban multi-purpose terminal concession
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09/09/2025Saudi Arabian ports operator Red Sea Gateway Terminal International (RSGTI), backed by the kingdom’s $925 billion sovereign wealth fund, is assessing a potential bid to develop and operate a fresh-produce terminal at Maydon Wharf in the Port of Durban, Africa’s largest maritime hub. The 25-year concession opportunity was announced by South Africa’s state-owned ports authority, Transnet, as part of its broader initiative to enhance private sector participation and address underperformance in port operations.
RSGTI’s Director of Global Investments, Gagan Seksaria, confirmed the company’s interest and noted that it may pursue the bid in partnership with local entities. The Durban terminal spans approximately 145 hectares, includes 15 berths, and has a cargo capacity exceeding 7 million tons annually. South Africa’s strategic goal is to improve operational efficiency across its ports, which have been hampered by corruption, aging infrastructure, and theft—factors that have contributed to economic stagnation.
Despite operational setbacks, South Africa achieved a record $13.2 billion in agricultural exports in 2023 and remains the world’s second-largest citrus exporter. RSGTI is also exploring further concession and acquisition opportunities across Africa, particularly in multipurpose terminals with a focus on mining and food trade.
This initiative aligns with broader Gulf investment trends, with billions in deals targeting African infrastructure and energy sectors.
