Abu Dhabi’s AD Ports Group is acquiring a majority 60% stake in Tbilisi Dry Port, Georgia, following a deal with Inveco. The facility, a new custom bonded and rail connected intermodal logistics hub, is situated along an emerging trade lane linking manufacturing hubs to consumer markets in Eastern Europe. The deal plans on leveraging a combination of sea and dry ports located in Kazakhstan, Azerbaijan, Armenia, Georgia and Turkey to drive freight traffic.
The Dry Port project, currently owned by...
https://www.themaritimestandard.com/tbilisi-dry-port-stake-acquired-by-ad-ports/