Monday, 24 Jun, 2024

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Chattogram Port and AD Ports Group sign MoU

News Desk | banglanews24.com
Update: 2024-05-17 16:14:09
Chattogram Port and AD Ports Group sign MoU

State Minister for Shipping Khalid Mahmud Chowdhury has hoped that the Chattogram port would handle export and import-related operations of another country someday.

“Now, foreign port operators are making investments in the Chattogram port. I see the possibility and dream that a time will come when the Chattogram port will handle the operations [of exports and imports] of another country as well,” he said.

The state minister was speaking at an event marking the signing of a non-binding memorandum of understanding (MoU) between the AD Ports Group of the UAE and the Chittagong Port Authority (CPA) at a hotel in Dhaka on Thursday.

CPA Chairman Rear Admiral Mohammad Sohail and AD Ports Group Chief Executive Officer (Ports Cluster) Saif Al Mazrouei inked the MoU on their respective sides.

According to the MoU, the Abu Dhabi-based ports and logistics giant will invest in the Bay Terminal Project, including the multipurpose terminal. They will equip the port alongside the infrastructure development.

BDST: 1614 HRS, MAY 17, 2024
MSK

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