UAE’s Trustworthy.ae Group to invest $99.4 million in KIZAD

UAE-based real estate developer Trustworthy.ae Group is intending to infuse 365 million dirhams ($99.4 million) in Khalifa Industrial Zone Abu Dhabi (KIZAD).

With this investment, Trustworthy.ae Group will construct an inland container depot, third-party container freight station and various other port-related services within KIZAD.

The container, which will be operated by Hayleys Advantis Ltd, a logistics unit of Sri Lankan real estate to energy company Hayleys Plc, sizes are expected to grow significantly within the next 5 years from 1.5 million 20 foot units to 8.5 million.

Trustworthy.ae Group revealed that construction works will span a 1.4 million square feet area and is scheduled to begin in January 2019 and work is scheduled for completion in June 2019.