Sunday | 8 September 2024 | Reg No- 06
বাংলা সংস্করণ
Advance Search
   
Sunday | 8 September 2024
LATEST: 3 state ministers, 5 dozens MPs didn't get AL nomination   Three celebrities get AL nomination    Those who get Awami League nomination   Shakib, Mashrafe get Awami League nomination   Expatriate's wife, two daughters found dead in Kishoreganj   2 die in Dinajpur truck-pickup van collision   Maxwell hits double hundred, rescues Australia from rubble   

Saudi company to operate Patenga Container Terminal

Published : Tuesday, 5 December, 2023 at 5:33 PM  Count : 515

The Red Sea Gateway Terminal International (RSGT), a Saudi company, and Chittagong Port Authority (CPA) will sign a concession agreement on Wednesday to manage and operate the Patenga Container Terminal.

Prime Minister Sheikh Hasina and Saudi Investment Minister Khalid A. Al-Falih will witness the signing ceremony scheduled to be held at the Prime Minister’s Office, a senior official told UNB.
Before the event, the Saudi minister will have a courtesy meeting with the prime minister at her office.

Saudi Minister Khalid A. Al-Falih is scheduled to arrive here on December 5 on a two-day visit.

It will be the first foreign company to receive Bangladesh’s offer to operate its ports.

RSGT is an international terminal operator representing a partnership between the Red Sea Gateway Terminal of Saudi Arabia and the Malaysian Mining Company (MMC).

The combined assets, handling capacity and experience place the terminal operations among the ten largest container terminal operators globally, with a combined annual handling capacity of 20 million TEUs, and equity-weighted throughput of over 10 million TEUS.

In May this year in Doha, Saudi Arabia offered to make large scale investment in various sectors of Bangladesh as the country has a stable government and good record of economic growth.

Saudi Arabian Minister of Investment Khalid A. Al-Faliah and Minister of Economy and Planning Faisal Alibrahim came up with the offer when they jointly called on Prime Minister Sheikh Hasina at her place of residence in Doha recently.

Welcoming increased interest from Saudi Arabia to invest in Bangladesh, State Minister for Foreign Affairs Md Shahriar Alam has recently said the Kingdom of Saudi Arabia has emerged as a valued development partner.

"We hope that Bangladesh-Saudi relations will grow from strength to strength and move forward to the mutual benefits of our two peoples," he said, commending the ambassador for his active and dynamic roles in strengthening mutual cooperation and bilateral engagements to new dimensions.

SA


LATEST NEWS
MOST READ
Also read
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Online: 41053014; Advertisement: 41053012.
E-mail: info©dailyobserverbd.com, news©dailyobserverbd.com, advertisement©dailyobserverbd.com, For Online Edition: mailobserverbd©gmail.com
🔝