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Dubai investment firm Trustworthy.ae to open depot, logistics facility in Kizad

Dubai investment firm Trustworthy.ae to open depot, logistics facility in Kizad

The facilities will seek to cater to the expected rise of container volumes at Abu Dhabi Ports

Dubai-based investment firm Trustworthy.ae Group held the groundbreaking of its first Inland Container Depot (ICD) and a third-party logistics (3PL) facility in Khalifa Industrial Zone Abu Dhabi (Kizad) on Monday.

Mobilisation work on the facilities will begin this month with the ICD set to become operational in June 2019, a statement said.

It 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 offered by a workshop within the facility.

The ICD will deploy advance intralogistics practices and equipment to handle, transfer and stack empty containers. The depot will also adopt mobile technology to increase efficiency and mobility of the workforce, the statement said.

The 3PL facility – spread over a built-up area of 40,000 square metres along with 25,000 sqm of open yard for storage – will cater to cold, ambient and open yard storage.

It will be ready for business by the first quarter of 2020, the statement added.

Equipment used in both the facilities will help “improve transit time and reduce costs for the trade”, the company stated.

Hayleys Advantis Limited, the transportation and logistics arm of Hayleys Group, will manage and operate the two facilities.

Located close to the Khalifa Port, the facilities aim to cater to the expected rise of container volumes to 8.5 million twenty-foot equivalent units (TEUs) from the existing 1.5 million TEUs per annum over the next five years.

Samir Chaturvedi, CEO at Kizad, said: “[The] two major developments will support the trade of goods to and from Abu Dhabi across a wide spectrum of industries.

“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.”

Kizad attracted Dhs1.5bn in foreign direct investment last year and with total investment standing at around $60bn, Chaturvedi told reporters earlier this year.

He also said the zone expects to see inflows up to $3bn annually.

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