RSGT’s funding necessary to increase Chittagong right into a regional logistics hub: Finance Minister Amir Khasru Mahmud Chowdhury – Trade in Bangladesh
Trade Table:
RSGT Bangladesh has formally began full-fledged operations at Patenga Container Terminal (PCT), ushering in a brand new technology in Bangladesh’s maritime and logistics sector. The corporate introduced the operation after two years of infrastructure building and funding, which is being regarded as crucial milestone for the rustic’s port control and global industry.
Finance Minister Amir Khasru Mahmud Chowdhury was once provide as the executive visitor on the inauguration rite held in Dhaka on Tuesday (July 14, 2026). The rite was once attended by means of senior officers of the Bangladesh and Saudi Arabian governments, representatives of the Chittagong Port Authority (CPA), industry leaders, transport line executives and more than a few stakeholders from the industry and logistics sectors.
In his speech as the executive visitor, the Finance Minister mentioned that efforts are underway to construct Bangladesh as a robust financial and logistics ecosystem and RSGT is crucial milestone in that adventure.
He mentioned, “I am a person from Chittagong. Therefore, I have a special commitment to develop Chittagong as a logistics hub not only for Bangladesh but also for the entire region. RSGT’s investment in realizing this goal is timely and very important.”
The Finance Minister mentioned that the family members between Bangladesh and Saudi Arabia are a few years outdated. The basis of shut family members between the 2 international locations was once laid all the way through the time of martyred President Ziaur Rahman. He recalled the initiative of sending neem tree saplings to Saudi Arabia to offer colour all the way through the Hajj season, which continues to be there lately.
He additionally mentioned that the family members between the 2 international locations additional expanded all the way through the time of former High Minister Begum Khaleda Zia. Recently, greater than 4 million Bangladeshis are operating in Saudi Arabia, which has additional reinforced the industrial and humanitarian family members between the 2 international locations.
Highlighting the significance of port control, the Finance Minister mentioned that decreasing the turnaround time of ships is likely one of the primary stipulations for making improvements to the industry setting in Bangladesh. Each and every hour and each day of extend will increase the price of doing industry and has a unfavorable affect on global festival.
He mentioned, “Fast unloading and delivery of goods is very important to ensure Ease of Doing Business. An efficient port reduces the cost of doing business, improves the supply system and increases Bangladesh’s competitiveness in the international market.”
He mentioned that the brand new executive has set a function to increase Bangladesh right into a 1 trillion US buck economic system by means of 2034. To succeed in that function, the rustic’s port capability must be considerably higher and this funding by means of RSGT will play crucial position in expanding that capability.
The Finance Minister expressed hope that “this investment by RSGT will not end; they will invest more in Bangladesh in the future.”
RSGT Bangladesh mentioned that once signing a 22-year concession settlement with the Chittagong Port Authority, the corporate has invested 170 million US bucks within the modernization of the Patenga Container Terminal.
The funding contains the creation of a state of the art virtual operations device, growth of terminal infrastructure, set up of hybrid rubber-tied gantry (RTG) cranes and addition of 4 state of the art Send-to-Shore (STS) cranes. With those traits, the terminal is now working at complete capability.
In line with the corporate, this contemporary terminal will considerably cut back send turnaround time, building up container dealing with capability and lend a hand identify Bangladesh as a regional industry and logistics hub.
RSGT Bangladesh expressed gratitude for the cooperation of the Chittagong Port Authority and mentioned that this venture is a a success instance of Public-Non-public Partnership (PPP). On the identical time, this is a mirrored image of the rising financial cooperation between Bangladesh and Saudi Arabia. As the rustic’s first global container terminal operator, RSGT Bangladesh has opened new horizons of worldwide experience, trendy generation and overseas funding.
