Gulftainer (GT) has announced the signing of a Memorandum of Understanding (MoU) with PTL Holding Company Limited to explore collaboration opportunities in operating major dry ports in Laos.
In the presence of Saleumxay Kommasith, Deputy Prime Minister of Laos, and Abdallah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce & Industry, the MoU was signed by Gulftainer’s Group CEO, Farid Belbouab, and Dr. Chanthone Sitthixay, Chairman and CEO of PTL Holding Co. Ltd.
The signing took place during a ceremony attended by Santiphab Phomvihane, Minister of MOF; Santisouk Simmalavong, Minister of MOIT; Maithong Thammavongsa, Vice Minister of MOFA; Chanthaboun Soukaloun, Vice Minister of MOIC; and Dr. Vanthana Nolintha, Director General of the Investment Promotion and Management Committee Office (IPMC).
The MoU aims to leverage Gulftainer’s expertise in ports and logistics operations to enhance the efficiency and competitiveness of PTL Holding Co. Ltd. dry ports in the Lao PDR.
It also seeks to optimise the country’s investment in Vung Ang Port and co-develop logistics corridors and intermodal solutions.
These initiatives will further enhance the country’s trade connectivity, enabling seamless cargo flow to regional and global markets.
Farid Belbouab, Group CEO of GT, said: “This step aligns with our strategy to expand our presence in Southeast Asia and supports the growth of regional trade. We’re excited to work with PTL Holding Co. Ltd. and contribute to the development of Laos’ ports and logistics infrastructure.
“Together, we will establish a framework for collaboration on logistics and connectivity opportunities linked to Laos’ dry ports platform and regional corridor development.”
READ: Gulftainer boosts Sharjah’s logistics transformation
Dr. Chanthone Sitthixay, Chairman and CEO of PTL Holding Co. Ltd., stated: “We are very grateful for the warm hospitality extended to our senior government delegation and ourselves, and hope to swiftly realise the cooperation facilitated by the Sharjah Chamber of Commerce & Industry, in particular with Gulftainer, whom we have come to recognise as having strategic alignment with ourselves in terms of our logistics infrastructure expansion plans.”
Last October, Gulftainer launched its Landbridge solution to revolutionise cargo movement across the UAE and the wider GCC.
For more information:
Gulftainer – https://www.gulftainer.com/
