AD Ports Group will invest around US$1 billion in the under-construction Bay Terminal in the port city of Chittagong, Bangladesh.
A four-member team of the Dubai-based port group is scheduled to visit Bangladesh on 13 May to discuss the investment project with the Chittagong Port Authority (CPA). The two sides are expected to sign a memorandum of understanding on the investment plan on 16 May.
A total of four terminals will be built under the Bay Terminal project which will have a water draft of...