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Dubai’s Trustworthy.ae to invest Dhs365m in Abu Dhabi’s Khalifa Industrial Zone

Dubai’s Trustworthy.ae to invest Dhs365m in Abu Dhabi’s Khalifa Industrial Zone

Work on the inland container depot is scheduled to begin early next year

Dubai-based Trustworthy.ae Group has announced plans to invest Dhs365m ($100m) in Khalifa Industrial Zone Abu Dhabi (KIZAD).

The company plans to develop an inland container depot, third party container freight station and various other port-related services within the zone.

It said construction would span a 1.4 million square feet area and is scheduled to begin in January 2019. The work is scheduled for completion in June 2019.

The facility will be operated by Sri Lankan-listed Hayleys Advantis Limited, which passed $1bn in turnover in 2017/18.

The container sizes are expected to grow significantly within the next 5 years from 1.5 million 20 foot units to 8.5 million.

“Our state-of-the-art inland container depot and container freight station will provide world-class and most reliable services to our clients across various industries,” said managing director of Trustworthy.ae Group Abdul Lathif.

“The potential growth in container volumes over the coming years in KIZAD implies the need to build an integrated facility within the port and together with our partners we will provide services such as container handling, repairs and maintenance.”

Container volumes at KIZAD are expected to grow significantly within the next five years from 1.5 million 20-foot units to 8.5 million.

The zone forms a key part of Abu Dhabi’s industrial strategy and has attracted investments from countries including China.

Read: Abu Dhabi industrial zone attracts $1bn investment from China

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