By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: AD Ports Group finalizes purchase of Tbilisi Dry Port, becoming majority shareholder – News
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > AD Ports Group finalizes purchase of Tbilisi Dry Port, becoming majority shareholder – News
Business

AD Ports Group finalizes purchase of Tbilisi Dry Port, becoming majority shareholder – News

News Room
Last updated: 2024/08/16 at 12:50 PM
News Room
Share
4 Min Read
SHARE

AD Ports Group has completed the acquisition process of the Tbilisi Dry Port, becoming the majority owner with a 60% stake. The state-of-the-art logistics hub in Georgia is rail-linked and scheduled to be operational this October. It further strengthens the Group’s role in connecting Asia and Europe via the Middle Trade Corridor, efficiently leveraging a network of sea and dry ports across Kazakhstan, Azerbaijan, Armenia, Georgia, and Turkey.

Abdulaziz Zayed AlShamsi, the regional CEO of AD Ports Group, expressed delight at the completion of the Tbilisi Dry Port acquisition. He highlighted the Group’s commitment to strengthening global supply chains and the growing influence of the Middle Corridor on global trade. The acquisition enhances connectivity between Western Asia and Eastern Europe, positioning AD Ports Group at the forefront of global trade. This investment is part of AD Ports Group’s strategic international investments to drive economic growth, job creation, and mutual benefit.

The new hub is strategically located between the Caspian Sea and Black Sea, at the heart of the Middle Corridor, integrating multiple facilities such as a container freight station, warehouses, and a car storage park. It serves as a crucial point for entry, exit, and regional transit, accommodating manufacturers, shippers, and consignees moving containers, vehicles, and goods for distribution and storage. Direct railway links to Turkey and Georgian ports of Poti and Batumi connect European Black Sea ports in Bulgaria and Romania.

The project will be completed in three phases, with the initial phase expected to reach a handling capacity of 96,500 TEUs, 10,000 sqm of warehouse, and a car storage yard. Upon completion of phase three, the project will have a handling capacity of 286,000 TEU, 100,000 sqm of warehouse, and an expanded car storage yard. Additional land plots have been secured for further development as needed.

The Middle Corridor is considered the shortest trade route between Asia and Europe, covering 7,000 km and requiring a journey of 10 to 15 days. In comparison, the existing Northern Corridor covers about 10,000 km overland, requiring 15 to 20 days, while the Southern Ocean Route spans 20,000 km, requiring a sea voyage of 45-60 days. The Middle Corridor is expected to see significant growth in container volumes, with the potential to reach 1.9 million TEUs by 2040.

In conclusion, the acquisition of the Tbilisi Dry Port by AD Ports Group strengthens their position in connecting Asia and Europe through the Middle Trade Corridor. The strategic location of the new hub, integrated facilities, and planned expansion phases underscore the Group’s commitment to enhancing global trade and supply chain connectivity. The Middle Corridor’s potential for growth in container volumes solidifies its importance as a key trade route between Asia and Europe. The completion of this acquisition marks another significant international investment by AD Ports Group in advancing economic growth, job creation, and mutual benefit.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room August 16, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article UAE expresses gratitude for Sudan’s decision to open Adre border crossing for humanitarian aid
Next Article Rayhan is in a strong position to challenge for his first professional title at the Coimbatore Open – News
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World June 28, 2025

You Might also Like

Tech

Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World

July 1, 2025
Crypto

Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

May 22, 2025
BusinessCrypto

Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

May 20, 2025
BusinessGulfUAE

Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World

May 10, 2025
BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
Business

NTT DATA Business Solutions Expands Presence in UAE with Stronger Regional Leadership

March 28, 2025

Sustainable Moving Services: How Dubai’s Moving Companies Are Going Green

February 20, 2025
Tech

CNTXT and Oracle Strengthen AI Collaboration to Drive Innovation

February 14, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?