AD Ports Group inks deal for 60% stake in Tbilisi Dry Port ...United Arab Emirates

A purchase agreement has been signed between AD Ports Group and Inveco LLC, which will see the former company acquire 60% ownership in the Tbilisi Dry Port, which is said to be a new custom-bonded and rail-connected intermodal logistics hub in Georgia. Currently owned by Inveco LLC and Wilhelmsen, the project is expected to be operational by Q4 2024. It is expected to serve as a key logistics hub situated along the strategically important Middle Corridor – an emerging trade lane linking manufacturing hubs in Western Asia to consumer markets in Eastern Europe by leveraging a combination of sea and dry ports located in Kazakhstan, Azerbaijan, Armenia, Georgia, and Türkiye. “Guided by the visio

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