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Patenga Container Terminal Concession Signing Ceremony
Chittagong, Bangladesh, December 6th 2023
Red Sea Gateway Terminal International (RSGTI), through its subsidiary RSGT Bangladesh Ltd., signed a 22-year Equip-Operate-Transfer concession agreement with the Chittagong Port Authority for the operation of the new 250,000 TEU capacity (Phase I) Patenga Container Terminal at Bangladesh’s primary seaport. The concession, signed by RSGTI CEO Jens Floe, and CPA Chairman Rear Admiral Mohammed Sohail in the presence of her Excellency Prime Minister Sheikh Hasina of Bangladesh, and His Excellency Khalid A. Al-Falih, Saudi Minister of Investment, calls for an investment of $170 million over the term of the concession period.
Saudi Building & Infrastructure 2023 Best Port Developer Award
Riyadh, Saudi Arabia, October 8th, 2023
Red Sea Gateway Terminal was named “Best Port Developer” at the 2023 Saudi Building & Infrastructure Awards. We are pleased with this recognition of RSGT’s commitment to excellence and innovation, and proud of the RSGT Team members for their ongoing successes in port design and development.