Friday , 22 November 2019
Latest News

Red Sea Gateway Terminal to collaborate with Bangladesh shipping ministry

Saudi Arabia’s Red Sea Gateway Terminal (RSGT) has signed a memorandum of understanding (MoU) with Bangladesh’s ministry of shipping, covering planned investment in multiple port and related infrastructure projects.

The agreement also encompasses the sharing of operational expertise for the Bangladeshi maritime sector by RSGT, which is the newest terminal in Jeddah Islamic Port.

Chittagong, the primary port of Bangladesh, handled around 3,700 vessel calls and 3m teu in 2018, with most of the cargo destined for the country’s capital city Dhaka, 265 km away.

According to RSGT, Bangladesh’s geographic location between the fast-growing economies of South and Southeast Asia lends itself to its regional transport hub potential.

Gagan Seksaria, director of global investments at RSGT, said: “Bangladesh’s remarkable trade-led growth of recent years has meant high utilisation of its port and transport infrastructure making it an ideal market for investment in advanced port systems and technology.”

The facility in Saudi Arabia has an annual capacity of 2.5m teu, featuring a quay length of 1,360 m along with 16 super post-Panamax quay cranes that reach 24 rows across.

It is the Jeddah’s only terminal that can accommodate next-generation container ships of up to 23,000+ teu.

RSGT is also located next to LogiPoint, Saudi Arabia’s first export and re-export zone, which provides an integrated logistics hub on the coast of the Red Sea and potential operational synergies in cargo handling.