Red Sea Gateway Terminal (RSGT), the largest terminal facility in Saudi Arabia, has been selected by the Ministry of Transport, Bangladesh, to operate the new terminal, the Patenga Container Terminal at the Chittagong Port.

The port of Chittagong, which was recently named Chattogram, handled a record volume of 3.2 million TEU in 2021’s financial year. This is the busiest port in the Bay of Bengal, and it serves as the transit corridor for around 90% of Bangladesh’s imports and exports of ocean cargo. The newest PCT Terminal has about 600m of quayside, can handle around 500,000 tonnes of throughput a year, and is worth $240 mn. The new terminal can dock three vessels at once, which will go a long way in alleviating the port congestion at Chattogram port.

Gagan Seksaria, the director of global investments at RSGT, stated that the rapid growth of Chittagong port’s cargo volume necessitated further investment in modern equipment, advanced technology, and building new human capacity. He went on to say that the project fits well with RSGT’s competencies and their expansion strategy for emerging markets and that they would be able to contribute significantly to Bangladesh’s growing economy.