Baker McKenzie has advised CMA CGM Group, a global leader in sea, land, air shipping and logistics solutions, on the signing of definitive agreements with Red Sea Gateway Terminal (RSGT) establishing a joint venture to develop, finance, build and operate Terminal 4 at Jeddah Islamic Port in Saudi Arabia with an aggregate planned investment of USD 434 million.
The strategic project represents a significant milestone in the continued expansion and global connectivity of Saudi Arabia’s maritime and logistics infrastructure. Once developed, the new state-of-the-art Terminal 4 is expected to further strengthen Jeddah Islamic Port’s position as a key regional gateway and support the Kingdom’s ambitions to become a leading global logistics hub under Vision 2030.
Baker McKenzie advised CMA CGM Group on all legal aspects of the transaction, including negotiation of relevant agreements. The multidisciplinary team included Partners Matthew Martin and Marcos Spanos, Luke Meehan and Senior Associate Yousef Bugaighis. Baker McKenzie’s team also included Eric Lasry, Michael Doumet and Johanna Federspiel in Paris.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
