Red Sea Gateway Terminal International (RSGTI) and the Port of Tadjourah have signed an MoU to invest in and manage a multipurpose facility at the Red Sea-Arabian Sea junction on the East African Coast.
The agreement was signed by Kamil Mohamed Gorah, Chairman of the Port of Tadjourah, and Gagan Seksaria, Director of Global Investments for RSGT International, in a ceremony led by Aboubaker Omar Hadi, Chairman of the Djibouti Ports and Free Zones Authority.
This cooperation is aimed at strengthening the port’s position as a crucial gateway for all kinds of cargo, not just for Djibouti, but also for Ethiopia’s extensive hinterland, promoting regional commerce and economic growth.
The Port of Tadjourah opened in 2017 to assist the export of potash, mostly from Ethiopia’s Danakil depression, as well as general goods for the region, including coal, steel, liquefied petroleum gas, fertiliser, and agricultural items.
Covering 400,000 square metres, the Port of Tadjourah has two berths with a combined length of 485 metres, with an alongside depth of over 14 metres, and a 190 metre-long RoRo quay with an annual capacity of 5 million tonnes of general cargo.
Situated on the northern shore of the Gulf of Tadjourah, the port is connected by a newly built road to significant commercial nodes in Ethiopia and to Addis Ababa at a road distance equivalent to that from the Port of Djibouti.
RSGT International is the subsidiary and global investment arm of Jeddah-based Red Sea Gateway Terminal, the largest terminal operator in Saudi Arabia and the country’s sole international terminal operator.
In February, AD Ports announced the inauguration of a new custom-bound inland dry port facility to enhance the connectivity of Khalifa Port.