The AD Ports Group will make an initial investment of 61 million dirhams (US$16.5 million) to acquire 60 per cent ownership stake in the Tbilisi Dry Port, according to a company statement.
The Abu Dhabi-based logistics facilitator has signed purchase agreement with Inveco LLC to acquire the custom-bonded and rail-connected intermodal logistics hub. The project, currently owned by Inveco LLC and Wilhelmsen, is a logistics hub situated along the important Middle Corridor, which links manufacturing hubs in Western Asia to consumer markets in Eastern Europe via sea and dry ports located in Kazakhstan, Azerbaijan, Armenia, Georgia, and Türkiye.
Noatum Logistics, part of the AD Ports Group, will operate and manage the facilities while drawing on expertise and capacities of Inveco LLC and Wilhelmsen. Tbilisi Dry Port is a logistics hub on the trade corridor between Eastern Europe and West Asia
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