Hayleys Advantis partners with Trustworthy.Ae Group to manage Abu Dhabi container facility
Jan 07, 2019 (LBO) - Hayleys Advantis , the transportation and logistics arm of Hayleys PLC, announced that it has entered into a deal with Dubai-based Trustworthy.ae Group.
"Advantis is to operate and manage a state of the art Inland Container Depot (ICD) and third-party Container Freight Station (CFS) being developed by Trustworthy.ae Group in the Khalifa Industrial Zone Abu Dhabi (KIZAD), the company said issuing a statement.
"Advantis had to compete with 7 local and international bidders for this project, which marks its first foray into the Middle Eastern market."
Mohan Pandithage, Chairman and Chief Executive, Hayleys PLC said, It gives me great pride to see Advantis step into the Middle Eastern market through this landmark partnership with Trustworthy.ae Group.
KIZAD, a subsidiary of Abu Dhabi Ports, is one of the largest industrial zones in the Middle East. Its container volumes are expected to grow exponentially from 1.5 million TEUs to 8.5 million TEUs over the next five years.
In line with this, the Trustworthy.ae Group is investing nearly USD 100 million to develop an ICD, CFS and other port-related services in KIZAD over this period.