|04 March, 2019

Trustworthy.ae Group breaks ground on its first facility in KIZAD

The state-of-the-art Inland Container Depot (ICD) will be operational in June 2019

Trustworthy.ae Group breaks ground on its first facility in KIZAD
  • The third-party logistics (3PL) facility will open for business in Q1 2020 

DUBAI: Dubai-based Trustworthy.ae Group today announced the groundbreaking of its first Inland Container Depot (ICD) and a third-party logistics (3PL) facility in Khalifa Industrial Zone Abu Dhabi (KIZAD), one of the largest industrial zones in the Middle East and a subsidiary of Abu Dhabi Ports.

Hayleys Advantis Limited, the transportation and logistics arm of multinational conglomerate Hayleys Group, will manage and operate the two facilities. Advantis brings forth over two decades of experience in ICD and 3PL management, with it operating multiple facilities across the South Asian region.

Trustworthy.ae Group's ICD and 3PL facility, 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.

The groundbreaking ceremony was attended by Captain Mohamed Juma Al Shamsi, Chief Executive Officer, Abu Dhabi Ports; Mr. Samir Chaturvedi, Chief Executive Officer, KIZAD; Mr. Abdul Lathif, Managing Director, Trustworthy.ae Group; Mr. Jalal Essudeen, Executive Director, Trustworthy.ae Group; Mr. Mohan Pandithage, Chairman, Hayleys Group; Mr. Ruwan Waidyaratne, Managing Director, Hayleys Advantis Limited, along with many other VIP guests.

"Today's groundbreaking 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 Mr. Abdul Lathif, Managing Director, Trustworthy.ae Group.

"We are proud to collaborate with Hayleys Advantis Limited 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.

Mr. Samir Chaturvedi, Chief Executive Officer at KIZAD, 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 testament to KIZAD’s established position as a global industrial and trading hub. The vast scale of these new facilities, along with the expansion of Khalifa Port and surrounding transport infrastructure, will support the growth of container volumes across the region over the coming years.”

Commenting on the collaboration, Mr. Ruwan Waidyaratne, Managing Director of Hayleys Advantis Limited, said: “We are indeed delighted to be partnering the Trustworthy.ae Group on this project and look forward to serving the Abu Dhabi clientele. This being our first project in the Middle Eastern region, we are intent on making a meaningful impact by utilizing the experience and expertise we have developed over the years, by operating in multiple countries in the Asian region.”

Mobilisation work on the facilities will begin this month with the ICD becoming operational in June 2019. Spread over a built-up area of 40,000 square metres along with 25,000 sqm of open yard for storage area, the 3PL facility will be ready for business by the first quarter of 2020.

The ICD will offer washing, cleaning, repairs and certification for containers with an operational capacity of 1,500 to 1,800 trucks per day. Major and minor container repairs will be served by a state-of-the-art workshop within the facility. The 3PL operations will cater to cold, ambient and open yard storage.

Trustworthy.ae Group will use state-of-the-art equipment in both the facilities that will help improve transit time and reduce costs for the trade. The ICD will deploy advance intralogistics practices and equipment from the global industry leaders to handle, transfer and stack empty containers. The depot will also adopt most advanced mobile technology to increase efficiency and mobility of the workforce in order to ensure the highest level of services.

-Ends-

ABOUT US:

Trustworthy.ae Group:Building on the foundation of integrity and fairness, Trustworthy.ae has evolved into a trusted name in the investing arena in the UAE. The start of the new millennium in 2001 marked our origins, and over time, the confidence of key figures in the UAE market, as well as across the GCC, grew reassuringly. Today, across commercial and industrial real estate, investment management and further afield, our unique competencies help us raise and channel investments into exclusive, high-yield ventures.

Hayleys Advantis: Hayleys Advantis Limited – holds the transportation and logistics interests of the Hayleys Group, a public listed company with a 140 year heritage and a diversified multinational conglomerate, headquartered in Sri Lanka. It is the first public listed company in Sri Lanka to cross a revenue of USD 1billion in fiscal year 2017/18. Counting over 60 years of expertise in transportation and logistics, Hayleys Advantis are pioneers in the local shipping and freight forwarding agency business providing comprehensive end-to-end logistics solutions for air, land and sea.

Abu Dhabi Ports: Established in 2010, Khalifa Industrial Zone Abu Dhabi (KIZAD) is the region’s largest manufacturing, industrial and logistics hub spanning 410 square kilometres. Strategically located between the UAE capital of Abu Dhabi and Dubai, it has over 200 investors and has attracted more than USD17.5 billion in total investment to date. KIZAD is a subsidiary of Abu Dhabi Ports, which is the developer, operator and manager of the 11 commercial, logistics, community and leisure ports (as well as KIZAD) in the emirate of Abu Dhabi, Fujairah and Kamsar, Guinea. KIZAD is intrinsically linked to Khalifa Port; one of the world’s most advanced deep-sea ports and the region’s first semi-automated port. The services of Khalifa Port and KIZAD offer long-term competitive commercial advantages including supply chain efficiencies.

© Press Release 2019

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