Red Sea Gateway invests $170M in Chittagong Port
Red Sea Gateway Terminal Company launched an investment of $170 million in the Chittagong Port in Bangladesh, with the aim of developing port infrastructure and expanding its presence in global shipping markets. This investment marks the company's first international port management concession contract in Bangladesh and represents an important step toward strengthening its position and enhancing operational capabilities. Over the past year, the company has doubled its capacity from 250,000 to 600,000 TEUs by sourcing modern equipment, resulting in a 30% increase in productivity. The company is also looking to invest an additional $1 billion to support the Bangladeshi economy and boost global trade.
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