- AD Ports Group (ADX: ADPORTS), a prominent facilitator of global trade, logistics, and industry, has announced the acquisition of a 60% ownership stake in the Tbilisi Dry Port, a custom-bonded and rail-connected intermodal logistics hub in Georgia.
- This strategic move aims to bolster the Group’s presence in the Middle Trade Corridor, which connects Asia to Europe.
Strategic Importance of the Tbilisi Dry Port
Situated along the Middle Corridor, the Tbilisi Dry Port serves as a crucial logistics hub linking manufacturing centers in Western Asia to consumer markets in Eastern Europe. It is strategically positioned between the Caspian Sea and the Black Sea, making it a vital point for trade and transportation activities.
Key Facilities and Connectivity
The Tbilisi Dry Port comprises various integrated facilities, including a container freight station, warehouses, and a car storage park. It offers direct railway links to Türkiye and Georgian ports of Poti and Batumi, providing access to European Black Sea ports in Bulgaria and Romania. Additionally, the port connects to ports along the Caspian Sea via a railway corridor to Azerbaijan, facilitating seamless trade flows.
Development Phases and Expansion Plans
The project will be executed in three phases, with the initial phase expected to reach a handling capacity of 96,500 TEUs by the end of Q4 2024. Upon completion of phase three, the port’s handling capacity will increase to 286,000 TEUs, accompanied by expanded warehouse facilities and car storage yards. The project is designed for scalability, with additional land parcels secured for future development to accommodate growing trade volumes.
Operational Management and Partnerships
Noatum Logistics, a part of the AD Ports Group, will operate and manage the Tbilisi Dry Port, leveraging the Group’s cross-Cluster portfolio and expertise. The acquisition reflects AD Ports Group’s commitment to strategic international investments aimed at enhancing global supply chains and fostering economic growth.
Stakeholder Perspectives
His Excellency Ahmed bin Ali Al Sayegh, Minister of State, Ministry of Foreign Affairs, Government of the UAE, highlighted the investment’s alignment with the UAE’s vision for international cooperation and economic prosperity. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, emphasized the strategic significance of Georgia as a key destination in expanding maritime and logistics assets.
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Source: AD Ports Group
