Patenga Container Terminal: Saudi firm RSGTI takes over operations

07 Dec 2023 CW Team

The Chattogram Port Authority (CPA) has signed a landmark agreement with Red Sea Gateway Terminal International (RSGTI) to operate the newly constructed Patenga Container Terminal. This marks a significant development in enhancing the capacity and efficiency of Bangladesh's maritime trade.

Change in Operator:

Initially, Red Sea Gateway Terminal (RSGT) was nominated by the Saudi government to operate the terminal. However, due to a requirement for 100% Saudi ownership under the G2G (government-to-government) policy, a new company, RSGTI, was formed with complete Saudi ownership. RSGTI is considered a sister concern of RSGT, established in 2022.

Timeline and Next Steps:

The inauguration of the Patenga terminal took place last month, nearly 17 months after construction completion. Signing the agreement this week paves the way for further development. Gear vessel loading is expected to commence in January 2024, followed by a two-year period for acquiring additional equipment and achieving full operational capacity.

Addressing Confusion:

Concerns arose regarding the inclusion of RSGTI in the initial proposal. In response, the Saudi Ministry of Investment communicated with the Bangladesh government, proposing RSGTI instead of RSGT. This proposal was subsequently accepted by the Bangladeshi shipping ministry.

Collaboration and Future Prospects:

As the agreement involves both governments, all future contracts and activities will be undertaken in close collaboration with RSGTI. The CPA Secretary confirmed that the port authority will work directly with the Saudi-nominated company for this G2G project.

This agreement marks a positive step forward in strengthening the economic ties between Bangladesh and Saudi Arabia. The Patenga Container Terminal is expected to play a crucial role in facilitating trade and boosting Bangladesh's economic growth.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..