DP World finalises the acquisition of Savan Logistics, operators of Savannakhet dry port in Laos.
In a strategic move, DP World has successfully acquired Savan Logistics, marking a significant milestone in regional connectivity. Savan Logistics, the operator of Savannakhet dry port in the Savannakhet Special Economic Zone (SEZ) in Laos, has been facilitating trade since 2016.
Situated strategically on the West end of the 1,450km-long East-West Economic Corridor, the 140,456 sqm dry port serves as a pivotal hub for key regional cargo owners and logistics companies. In addition to managing dry port and warehousing services, DP World will oversee cross-border transport, freight forwarding, and integrated logistics solutions. Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, emphasised the significance of the acquisition, stating, “This is an important move for us to boost the connectivity of the region.” He highlighted the strategic location of the dry port, close to DP World’s existing portfolio of ports, terminals, and landside facilities along the East-West Economic Corridor. With Laos’ economy projected to grow by about 4 percent in 2024, facilitated by strategic partnerships and business-friendly policies, the acquisition aligns with the country’s aspirations for economic advancement.
