Bangladesh hands UAE's DP World key port contract after years of delay

What happened: Bangladesh signed a 15-year deal with DP World for the Dubai-based logistics company to operate and maintain the New Mooring Container Terminal at Chattogram Port, ending years of negotiations. Key numbers: 15-year deal. Why it matters: The deal aims to modernize the facility, but a foreign stake in a strategic asset has faced pushback, with prior delays, labor protests and a legal challenge leaving the concession in limbo.

Bangladesh signed a 15-year deal with DP World for the Dubai-based logistics company to operate and maintain the New Mooring Container Terminal at Chattogram Port, ending years of negotiations.

The deal aims to modernize the facility, but a foreign stake in a strategic asset has faced pushback, with prior delays, labor protests and a legal challenge leaving the concession in limbo.