Hayleys Advantis in landmark partnership to manage Abu Dhabi Container Facility
View(s):Hayleys Advantis Ltd (Advantis), the transportation and logistics arm of Hayleys PLC, has announced that it has entered into a landmark deal with Dubai-based Trustworthy.ae Group.
Signing of the agreement between Hayleys Advantis and Trustworthy.ae Group
Advantis is to operate and manage a state of the art Inland Container Depot (ICD) and third-party Container Freight Station (CFS) being developed by Trustworthy.ae Group in the Khalifa Industrial Zone Abu Dhabi (KIZAD). Advantis had to compete with seven local and international bidders for this project, which marks its first foray into the Middle Eastern market, the local company said in a media release.
“It gives me great pride to see Advantis step into the Middle Eastern market through this landmark partnership with Trustworthy.ae Group,” said Mohan Pandithage, Chairman and Chief Executive, Hayleys PLC, adding: “I look forward to seeing Advantis draw on their over six decades of experience in Sri Lanka’s logistics sector as they work towards building a world-class operation in KIZAD.”
KIZAD, a subsidiary of Abu Dhabi Ports, is one of the largest industrial zones in West Asia. Its container volumes are expected to grow exponentially from 1.5 million TEUs to 8.5 million TEUs over the next five years. In line with this, the Trustworthy.ae Group is investing nearly US$100 million to develop an ICD, CFS and other port-related services in KIZAD over this period.
Commenting on this partnership, Executive Director of Trustworthy.ae Group, Jalal Essudeen said, “Going ‘Beyond commitment to deliver with Passion’ implies many things. Simply put, the Hayleys culture demonstrates their personality. The proven reliability of over a hundred years and professionalism were the key factors in entering this strategic partnership.”
Advantis, which brings in two decades of experience in managing ICDs, has been tasked with operating and managing the container depot and freight station to be built on a 1.4 million sq. ft. plot. With construction commencing in January 2019, the facilities are set to become operational by June 2019.
Ruwan Waidyaratne, Managing Director, Hayleys Advantis Ltd, said:“Over the years we have built our expertise in the field of ICD and CFS management and currently have a pool of experts certified by the Institute of International Container Lessors. This long term engagement at KIZAD gives us a great opportunity to showcase our team’s home-grown expertise to the world.”
Hayleys Advantis is the transportation and logistics arm of blue chip multinational conglomerate Hayleys PLC. With six decades of experience and operations spread across the Asian region Advantis offers end-to-end solutions covering air, land and sea.