20 Days
Source:
الاقتصادية
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Source: الاقتصادية
20 Daysالاقتصادية
Source: الاقتصادية
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Red Sea Gateway Terminal International (RSGTI) has launched the container terminal at Chittagong Port in Bangladesh following a $170 million investment, with the aim of enhancing port infrastructure and expanding its global presence. This project marks Bangladesh's first international port management concession contract and the first operation of a Saudi port terminal outside the Kingdom, in line with Saudi Vision 2030 to strengthen the country's position as a global logistics hub. Since signing the 22-year concession agreement in 2023, the terminal has undergone technological upgrades, including four quay cranes and modern equipment, increasing its capacity from 250,000 standard containers to 600,000. Its productivity has also risen by 30% compared to regional terminals. The terminal features a berth extending 580 meters and storage yards exceeding 200,000 square meters, with a draft of 9.5 meters to accommodate large vessels and reduce waiting times, thereby boosting shipping efficiency in the region. This initiative is part of Saudi Arabia’s expansion of investments in emerging markets, with the company exploring plans to invest up to $1 billion in Bangladesh's maritime sector to support infrastructure development and enhance regional trade.
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