Kerry Logistics has signed a memorandum of understanding between its subsidiary, KLN (Singapore) Pte and Laos’s Sitthi Logistics for the establishment of a joint venture to develop a dry port in the Vientiane Logistics Park in Laos. The move is part of Kerry Logistics’ development strategy to seek accelerated growth in ASEAN by developing an integrated Greater Mekong Region platform covering Thailand, Cambodia, Myanmar and Laos.
The dry port will be situated in an area of approximately 35 hectares, to be developed in phases for the transfer of cargoes at Vientiane, which connects the railway lines between China and Thailand from Kunming to Bangkok. George Yeo, Chairman of Kerry Logistics, said, “We at Kerry Logistics are proud to play a role in the development of Laos and what will become an important economic corridor between China and Southeast Asia.” Kerry Logistics will provide management expertise, while Sitthi Logistics will provide local support. The facilities will allow the logistics industry to transport goods by road and rail and create an efficient logistics system to accommodate a range of industries and facilitate distribution along the economic corridor between China and Thailand.