AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
Category: Infrastructure
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
Russia starts rail freight service through occupied Ukrainian land
Russia has launched a rail freight service through occupied Ukrainian territories. It started working on a direct rail line to Crimea over land last year. On 15 March, Russia reported that the freight route between Rostov-on-Don and Crimea started operating. According to Oleg Kalevatykh, the deputy head of ‘Novorossiya Railways’, the first train on the…
Sweden to upgrade Iron Ore Line after derailments and NATO accession
Sweden has decided to upgrade the Iron Ore Line, or Malmbanan in Swedish. The upgrades are necessary due to two recent derailments. Moreover, the country’s NATO accession requires the rail line to function properly at all times. The railway line in Sweden’s north is crucial for mining and military purposes. The Iron Ore Line stretches…