Bangladesh hands UAE's DP World 15-year Chittagong port terminal concession
· Politics · Bangladesh · United Arab Emirates
Bangladesh has awarded Dubai-based DP World a 15-year concession to operate a terminal at Chittagong port, ending years of delay. The deal gives the UAE logistics giant a key foothold in South Asia's fast-growing trade gateway and is expected to boost container handling capacity at Bangladesh's main port. Chittagong handles the bulk of the country's exports, including ready-made garments. The agreement follows years of negotiations and delays in finalizing port modernization plans.
Why it matters:The deal expands Gulf logistics influence in South Asia and could ease port bottlenecks that have constrained Bangladesh's export-driven economy.
Key points
- The concession runs for 15 years at Chittagong port.
- DP World is based in Dubai and is a major global terminal operator.
- Chittagong handles most of Bangladesh's exports, notably garments.
Sources (original reporting)
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