Wednesday Dec 18, 2024
Wednesday Dec 18, 2024
Wednesday, 6 March 2019 00:00 - - {{hitsCtrl.values.hits}}
Dubai-based Trustworthy.ae Group has announced the ground-breaking of its first inland container depot and a third-party logistics facility in Khalifa Industrial Zone Abu Dhabi (KIZAD).
Sri Lanka’s leading logistics partner Hayleys Advantis Ltd., the transportation and logistics arm of multinational conglomerate Hayleys Group, will operate and manage the state-of-the-art Inland Container Depot (ICD) and the third-party Container Freight Station (CFS).
Trustworthy.ae Group’s facilities, located in close proximity to the Khalifa Port, will be geared up to serve the expected rise of container volumes to 8.5 million twenty-foot equivalent units (TEUs) from existing 1.5 million TEUs per annum over the next five years.
Mobilisation work on the facilities will begin this month with the depot becoming operational in June this year while the logistics facility will be ready for business by the first quarter of 2020, the Group said in a statement.
“Today’s ground-breaking ceremony marks an important milestone on our project. Trustworthy.ae Group’s investment in building the ICD and 3PL facility in KIZAD demonstrates our continued commitment to the UAE,” said Trustworthy.ae Group Managing Director Abdul Lathif.
“We are proud to collaborate with Hayleys Advantis Ltd. on this exceptional project, who are leaders in managing and providing world-class depot and logistics facilities. We are confident that Hayleys Advantis will set a new benchmark for quality and service in the Middle East region,” he added.
KIZAD CEO Samir Chaturvedi said, “We are pleased to celebrate the ground-breaking of Trustworthy.ae Group’s first Inland Container Depot and third-party logistics facility - two major developments that will support the trade of goods to and from Abu Dhabi across a wide spectrum of industries.”
“The investment of Sri Lanka’s leading logistics firm at our industrial zone is a testament to KIZAD’s established position as a global industrial and trading hub.”
Hayleys Advantis is the transportation and logistics arm of the blue chip multinational conglomerate Hayleys PLC. With six decades of experience and operations spread across the Asian region, Advantis offers end-to-end solutions covering air, land and sea. It is committed towards being an innovator in the industry, setting the pace and shaping the logistics category.
