State-of-the-Art Facility on-track for Operations in January 2025, Links Manufacturing Centres in Western Asia to Consumer Markets in Eastern Europe
Abu Dhabi, UAE/ Tbilisi, Georgia – 16 October 2024: A senior delegation from AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, headed by H.E Ahmed bin Ali Al Sayegh, Minister of State, today were welcomed by the H.E Levan Davitashvili, First Vice Prime Minister, Minister of Economy and Sustainable Development of Georgia in Tbilisi, to present progress achieved in the development of Tbilisi Dry Port, a new custom-bonded and rail-connected intermodal logistics hub in Georgia.
The state-of-the-art, rail-linked and custom bonded intermodal logistics hub - on track for operations in January 2025, links manufacturing centres in Western Asia to consumer markets in Eastern Europe, via the Middle Trade Corridor by leveraging a network of sea and dry ports across Kazakhstan, Azerbaijan, Armenia, Georgia and Türkiye.
AD Ports Group has recently announced the completion of the acquisition process of the Tbilisi Dry Port, which sees the Group become the majority owner with a 60% stake. The new logistics hub will be operated by AD Ports Group’s Logistics Cluster.
His Excellency Ahmed bin Ali Al Sayegh, Minister of State, Ministry of Foreign Affairs, Government of the UAE, said: “ We are pleased to witness strengthened ties between both countries, with vast opportunities to enhance cooperation across various sectors of mutual interest, empowered by the UAE’s Comprehensive Economic Partnership Agreement (CEPA) with Georgia, both nations have a mutual commitment towards strengthening bilateral trade, in addition to empowering SMEs, and enhancing global supply chains, in line with the vision and guidance of our wise leadership.”
H.E Al Sayegh added: “The UAE-Georgia CEPA is expected to more than triple the total value of non-oil trade between the two countries to US$1.5 billion within five years, AD Ports Group’s investment in Tbilisi Dry Port underscores the strong relations between the two nations, in addition to joint efforts aimed towards enhancing trade, facilitating market access and supporting UAE and Georgian businesses, while fostering further growth and prosperity for both nations.”
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “We are pleased to brief H.E Levan Davitashvili, First Vice Prime Minister, Minister of Economy and Sustainable Development of Georgia on the progress achieved in the development of Tbilisi Dry Port, a key logistics hub within the Middle Trade Corridor, strengthening connectivity between Western Asia and Eastern Europe. Our investment in Tbilisi Dry Port further complements AD Ports Group’s presence in the Middle Trade Corridor, regarded as the shortest trade route between Asia - Europe, and expected to experience considerable growth in container volumes, with the potential to reach 1.9 million Twenty Foot Equivalent Units (TEUs) by 2040.”
Al Shamisi added: “Tbilisi Dry Port is on-track for operation by January 2025, we remain committed towards facilitating trade and enhancing connectivity amongst global markets, while contributing towards our partners development plans, and cementing Abu Dhabi’s leading position as a global trade and logistics hub, in line with the vision of our wise leadership.”
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