AD Ports Group become majority owner of Tbilisi Dry Port
The agreement highlights AD Ports Group’s unwavering commitment towards strengthening global supply chains
AD Ports Group has announced the completion of the acquisition of Tbilisi Dry Port. The group is now the majority stakeholder with a 60% stake.
Abdulaziz Zayed AlShamsi, Regional CEO, AD Ports Group stated, “We are delighted with the completion of the Tbilisi Dry Port acquisition. The agreement highlights AD Ports Group’s unwavering commitment towards strengthening global supply chains, and we recognise the growing influence of the Middle Corridor on global trade.”
“We are fully focused on successfully operating this important logistics hub, which enhances connectivity between Western Asia and Eastern Europe, and positions AD Ports Group at the forefront of global trade. This is the latest in a number of strategic international investments by AD Ports Group, in line with our wise leadership’s vision to advance economic growth, job creation and mutual benefit,” AlShamsi added.
The new hub is positioned between the Caspian Sea and Black Sea, it integrates multiple facilities including a container freight station, warehouses and a car storage park. Serving as a crucial point of entry, exit, and regional transit, it accommodates manufactures, shippers and consignees moving containers, vehicles and various goods for distribution and storage.
The project will be completed in three phases. By the end of the initial phase, the handling capacity is expected to reach 96,500 TEUs, with 10,000sqm of warehouse and a car storage yard. Upon the completion of phase three, the project will have a handling capacity of 286,000 TEU, 100,000sqm of warehouse and a significantly expanded car storage yard.
