Red Sea Gateway Terminal of Saudi Arabia explores developing Matarbari deep-sea port into a major shipping hub through their operation in Bangladesh. The company plans to commit $200 million in investments to increase capacity at Patenga Terminal thus improving Bangladesh’s trade potential.
RSGT and Chief Adviser Muhammad Yunus developed the idea when they spoke together during the World Economic Forum at Davos. The stakeholders examined these funds’ potential to bring international logistics operators to Bangladesh ports for expanding economic growth options.
This joint venture has the potential to develop Bangladesh’s port infrastructure aggressively while making its ports essential points for regional and worldwide trade activities. The initiative represents a groundbreaking move which indicates Bangladesh is stepping towards an economically prosperous future.
Source: Business Inspection BD
