31.1 C
Singapore
Sunday, May 19, 2024
spot_img

DP World makes first foray into landlocked Laos

Must read

Photo: DP World
Savannakhet-dry-port-DP-World.jpg
Terminal operator and maritime services company DP World has acquired Savan Logistics in Laos.

Savan Logistics operates Savannakhet dry port part ofthe Savannakhet Special Economic Zone (SEZ) in Laos, the first SEZ in the country.

The 140,456 sq metre dry port includes 23,000 sq metres of warehousing with 11,000 sq metres of bonded space.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World,said:“This is an important move for us to boost the connectivity of the region. The dry port is strategically located close to our existing portfolio of ports, terminals, and landside facilities along the East-West Economic Corridor, in Thailand and Vietnam.

The dry port is located at the west end of the 1,450km-long East-West Economic Corridor linking Laos, Cambodia, Myanmar, Thailand and Vietnam.

It is the latest in a series of investments DP World has announced in the Southeast Asian region in recent weeks joining partnerships with Malaysia’s Sabah Ports and Asian Terminals Inc (ATI) to manageSapangar Bay Container Portin East Malaysia andTanza Barge Terminalin the Philippines, respectively.

spot_img
- Advertisement -spot_img

More articles

- Advertisement -spot_img

Latest article

spot_img