Wedoany.com Report on Feb 9th, Gulftainer Group signed a Memorandum of Understanding (MoU) with Lao PTL Holding Company Limited to explore cooperation opportunities in developing dry port operations in the Lao People's Democratic Republic. The agreement was signed during the Sharjah-Laos Roundtable organized by the Sharjah Chamber of Commerce and Industry, marking the official launch of strategic collaboration between the two companies in the field of logistics infrastructure.
The MoU establishes a comprehensive cooperation framework covering the operational management, development, and construction of major dry ports in Laos. The collaboration will draw on Gulftainer's professional expertise in port and logistics operations to implement a series of specific measures aimed at enhancing the efficiency and competitiveness of PTL Holding's existing dry port assets.
The agreement also involves optimizing Laos' investment projects in Vietnam's Vung Ang port and plans for the joint development of logistics corridors and multimodal transport solutions that connect regional markets. These initiatives are designed to facilitate smoother cargo flow to regional and global markets, strengthening Laos' hub position within the Southeast Asian logistics network.
Farid Belbouab, CEO of Gulftainer Group, stated during the signing ceremony: "This agreement aligns with our strategic plan to expand our footprint in Southeast Asia through logistics and connectivity projects, which will be closely integrated with Laos' dry port platform and regional corridor development."
Dr. Chanthone Sitthixay, Chairman and CEO of PTL Holding, noted: "This cooperation reflects a high degree of alignment between the two companies on plans for expanding logistics infrastructure and will provide strong support for Laos' trade development."
Gulftainer is a privately-owned port and logistics operator headquartered in Sharjah, UAE, developing and managing container terminals, cargo facilities, and logistics assets in multiple regions worldwide. PTL Holding is a local Lao investment group focused on the logistics and infrastructure sectors, with business activities including the development and operation of dry ports and related facilities supporting domestic and cross-border trade.
