Genex Infosys, a leading outsourcing IT provider, will build turnkey IT infrastructure for Red Sea Gateway Terminal Bangladesh Limited (RSGT) at the Patenga container terminal.

In a filing to the Dhaka Stock Exchange today, the company said its board approved the deal with RSGT, a Saudi Arabian company assigned to operate the terminal for 22 years under an agreement with Chittagong Port Authority.

A turnkey solution is a type of system built end-to-end for a customer that can be easily implemented into a current business process.

The investment will generate a revenue of Tk 28.5 crore for the next one year.

Shares of Genex rose 3.57 percent to Tk 72.50 as of 1:28 pm today on the Dhaka Stock Exchange.