UNITED Arab Emirates' AD Ports Group has acquired a 60 per cent stake in the Tbilisi Dry Port, a new transportation hub in Georgia, reports Dubai's Gulf Business.

The port, which is currently owned by Inveco and Wilhelmsen, is expected to be operational by Q4 2024.

Located along the Middle Corridor, the Tbilisi Dry Port will be a key logistics hub for manufacturers, shippers, and consignees.

The Middle Corridor is forecast to enable considerable growth in container volumes, potentially reaching 1.9 million TEU by 2040.

"This strategic investment strengthens global supply chains and positions AD Ports to capture future trade volumes," said Captain Mohamed Juma Al Shamisi, AD Ports Group CEO.

It will offer facilities such as a container freight station, warehouses, and a car storage park.

The port offers direct rail links to Turkey, Georgian ports, and ultimately Black Sea ports in Bulgaria and Romania. Additionally, it has eastward connections to Caspian Sea ports via Azerbaijan.

The project is being developed in phases on two land parcels with an additional area for future expansion.

Upon completion, the Tbilisi Dry Port will have a handling capacity of 286,000 TEU, 100,000 sqm of warehousing space, and a significantly expanded car storage yard.

Noatum Logistics, a subsidiary of AD Ports Group, will operate and manage the facilities, leveraging the expertise of Inveco and Wilhelmsen.