Saudi port developer plans up to $1bn investment in Bangladesh logistics

DHAKA: Saudi developer Red Sea Gateway Terminal has announced plans to invest up to $1 billion in Bangladesh’s logistics sector, as it launched full-capacity operations at the country’s largest port in Chittagong. Chittagong Port is the main gateway for Bangladesh’s ocean cargo import and export, and the busiest container port on the Bay of Bengal. RSGT has been running the port’s Patenga Container Terminal since June 2024, under a 22-year agreement with the Chittagong Port Authority.

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