DP World takes on dry port in Laos

DP World has acquired Savan Logistics which operates the Savannakhet dry port in Laos.

Located on the 1,450km-long East-West Economic Corridor – linking Laos, Cambodia, Myanmar, Thailand and Vietnam –  the dry port is used by key regional logistics companies to connect various supply chains.

The  140,456-square-metre area also boasts 23,000 square metres of warehousing facilities, including a bonded area.

In addition to dry port and warehousing services, DP World will also manage cross-border transport, freight forwarding and integrated logistics solutions.

“This is an important move for us to boost the connectivity of the region,” said CEO & Managing Director, DP World Asia Pacific, Glen Hilton. “The dry port is strategically located close to our existing portfolio of ports, terminals and landside facilities along the East-West Economic Corridor. We will extend our expertise and resources to enhance the infrastructure of the dry port, capitalising on its geographical advantages.”

According to the Asian Development Bank, Laos’ economy is expected to grow by about 4 per cent in 2024. The country’s chairmanship of the ASEAN summit will also provide Laos with additional international exposure, promoting investment and spurring cross-border cooperation.

This milestone development reinforces DP World’s commitment to propel trade in Asia Pacific by extending its footprint to strategic locations, the company said.

In other news, Italy’s Gruber Logistics is investing in one of the main European hubs for freight traffic.

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