Dubai-based Trustworthy.ae Group has said it will invest AED365m ($100m) over the next five years to develop an inland container depot (ICD), a third-party container freight station (CSF) and other port-related services in Abu Dhabi’s Khalifa Industrial Zone Abu Dhabi (Kizad).
Construction on the container freight station and inland container depot will commence in January 2019. Both facilities are expected to become operational by June 2019, the firm said in a statement.
The facilities will be developed on a 1.4 million square feet land plot. The inland container depot will have the capacity to handle 1,500 containers a day, while the container freight station will have a storage capacity of 22,500 twenty-foot equivalent units.
Future investments will entail the development of engineering services, third-party logistics, marine services, retail and hospitality.
Hayleys Advantis, the transport and logistics arm of Sri Lanka’s Hayleys Group, will operate the facility.
You might also like...
Aramco receives proposals for offshore LTA pool
25 April 2024
Global AI market to top $1tn in 2030
25 April 2024
Morocco tenders Noor Midelt 2
25 April 2024
Saudi Arabia's Roshn launches Aldanah Dhahran project
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.