Prime Minister Sheikh Hasina expressed optimism about the recently signed concession agreement between the Chittagong Port Authority (CPA) and Saudi Arabia’s Red Sea Gateway Terminal (RSGT) for the operation of the Patenga Container Terminal (PCT).
The agreement, observed by the Prime Minister and Saudi Investment Minister Khalid Al Falih, is viewed as a significant step to enhance Saudi investment in Bangladesh and foster economic cooperation between the two nations.
The concession agreement stipulates that RSGT will manage the Patenga Container Terminal for the next 22 years, providing a strategic boost to bilateral relations, particularly in the realms of trade and commerce. Prime Minister Hasina underscored the crucial role the terminal would play in enhancing port capacity, facilitating smoother trade processes, and generating job opportunities within Bangladesh.
In her remarks at the signing ceremony, Sheikh Hasina envisioned the Patenga Container Terminal as a gateway to global trade, offering new opportunities for businesses in Bangladesh to connect with the world. She emphasized the self-reliant nature of the modern terminal, anticipating its positive impact on the country’s economic uplift.
Moreover, Prime Minister Hasina highlighted the potential regional significance of the terminal, pointing out that India, Bhutan, and Nepal could also utilize its facilities, thereby boosting economic growth in the broader South Asian region. This aspect aligns with the terminal’s role as a catalyst for regional economic development.
Expressing gratitude for Saudi Arabia’s investment, Sheikh Hasina emphasized the importance of the partnership, describing Saudi Arabia as a friendly nation and a vital development partner for Bangladesh. She recognized the reputation of RSGT as a globally reputed terminal operator designated by the Saudi government, contributing valuable expertise to the Patenga Container Terminal Project.
In conclusion, the Prime Minister viewed the concession agreement as a testament to the joint vision and steadfast commitment to economic cooperation and prosperity shared by Bangladesh and Saudi Arabia.
