May 04, 2024

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LNME Power 25 CEOs 2020: Jens O. Floe, CEO at Red Sea Gateway Terminal (RSGT), secures top 10 position

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For our special feature, with close to 100 submissions from all over the GCC and the Middle East, the Logistics News ME team gives you a round-up of the Top 25 CEOs in the Logistics Industry.

Ranking 10

Jens joined RSGT 4 years ago and under his leadership RSGT has seen a significant rise. The company developed strategies that would see RSGT become a niche emerging market operator as evident by their international growth strategy and project wins.

RSGT has in 2019 signed a 30-year concession agreement with Saudi Port Authority, MAWANI, to consolidate and redevelop the northern sector of Jeddah Islamic Port.

This includes the takeover of the adjoining Container Terminal, which was previously named as Northern Container Terminal, and develop it as the largest container terminal in Saudi Arabia and the Red Sea. Moreover, there will be a total investment of $1.7 billion in infrastructure, equipment, and technology by 2050, with annual container throughput capacity growing to 8.8 million TEUs.

Furthermore, by 2023 RSGT will cover 1.5 million square meters and have an increased annual container throughput capacity to 5.2 million TEUs. RSGT is the only Jeddah facility able to accommodate Ultra-Large Container Ships (ULCS) of 20,000 TEU + capacity. By the end of the first three-year investment phase in this expansion project, RSGT will be equipped with 24 Super Post-Panamax quay cranes, 67 Rubber-Tyred Gantry Cranes (RTGs), and will offer 4,900 Reefer plugs. This investment in equipment and capacity will firmly establish RSGT as the largest logistics gateway, and the busiest container terminal, in Saudi Arabia and the Red Sea.

In terms of Jens’ leadership beliefs, he told LNME: “A good leader must be able to balance the need for reaching short term goals/profitability, while developing and executing a strategy that at the same time will position the company for medium and long term success. Only when your strategy ensures customer focus and employee engagement are you in a position to finetune and optimize allowing for attracting the right talent, which is a prerequisite for becoming the market leader.”

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