Leading Sri Lankan logistics firm Hayleys Advantis to operate the ICD and CSF facilities
Dubai-based Trustworthy.ae Group plans to invest AED 365mn (USD 100mn) in Khalifa Industrial Zone Abu Dhabi (KIZAD) to develop an inland container depot (ICD), a third-party container freight station (CSF) and other port-related services over the next five years.
Future investments will entail the development of engineering services, third-party logistics, marine services, retail and hospitality. Construction on the container freight station and inland container depot to be developed on a 1.4mn sqft. plot, will commence in January 2019 and is set to become operational by June 2019.
Hayleys Advantis Limited, the transport and logistics arm of Sri Lanka’s Hayleys Group will operate the facility. Hayleys is the first Sri Lankan-listed company to cross US$ 1bn threshold in turnover in Fiscal Year 2017/18.
Container volumes in KIZAD are expected to grow exponentially from 1.5mn twenty-foot equivalent units (TEUs) to 8.5 million TEUs over the next five years.
Connectivity
“Our state-of-the-art inland container depot and container freight station will provide world-class and most reliable services to our clients across various industries,” said Abdul Lathif, Managing Director, Trustworthy.ae Group.
“The potential growth in container volumes over the coming years in KIZAD implies the need to build an integrated facility within the port and together with our partners we will provide services such as container handling, repairs and maintenance,” he added.
“We are delighted that Trustworthy.ae is setting up at KIZAD. This new container freight station will form an integral part of our thriving ecosystem at the industrial zone and a strategic location with access to regional and international markets,” remarked Samir Chaturvedi, CEO, KIZAD.
“Hayleys Advantis Limited is happy to enter into this landmark partnership with Trustworthy.ae Group, stepping into the Middle East market,” affirmed Mohan Pandithage, Chairman, Hayleys.
