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DP World announces dry port acquisition of Savan Logistics

DP World is continuing to grow in the Asia-Pacific with its latest acquisition of a dry port operator at a key Laos port

DP World has announced the completed acquisition of Savan Logistics as part of its continual global expansion.

Savan Logistics has been the operator of the dry port in Savannahket, Laos since 2016, with DP World now set to manage the 140,456 sqm of land that includes warehousing space.

Savan Logistics has operated in the Savannakhet Special Economic Zone (SEZ), which is the first of its kind in Laos.

Situated on the west end of the 1,450 km long east-west economic corridor that links Laos with Cambodia, Myanmar, Thailand and Vietnam, the dry port is used by key regional cargo owners and logistics companies.

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,” DP World Asia Pacific CEO and managing director Glen Hilton says.

“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.

“We will extend our expertise and resources to enhance the infrastructure of the dry port, capitalising on its geographical advantages to propel trade forward for our customers.

“Most importantly, we want to enhance the economic conditions of communities which rely on this vital trade corridor for their daily livelihoods.”

The Asian Development Bank expects Laos’ economy to grow by about four per cent this year, enabled by strategic partnerships and business focused government policies.

The milestone acquisition reinforces the commitment DP World has made to expand trade around the Asia Pacific, with the Savan Logistics acquisition following its recent partnership with Malaysia’s Sabah Ports to manage the Sapangar Bay Container Port in East Malaysia.

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