AD Ports acquires majority stake in Tbilisi Dry Port
AD Ports Group has signed a purchase agreement with Inveco LLC to acquire 60% ownership in the Tbilisi Dry Port, a new custom-bonded and rail-connected intermodal logistics hub in Georgia.
The project, currently owned by Inveco LLC and Wilhelmsen, is expected to be operational by Q4 2024.
The aim is to develop a logistics hub situated along the 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 Turkey.
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