APM Terminals Poti and Poti New Terminals Consortium have agreed to invest US$ 100 million to build a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually.
The two parties signed a Memorandum of Understanding (MoU) on January 12, 2018 in order to start plans to construct the facility, located at the Black Sea gateway port.
It is expected to generate new trade opportunities for customers in the Georgian transit corridor.
APM Terminals has stated that it plans to build the terminal on APM Terminals Poti land and infrastructure, with Poti New Terminals’ taking control of its design, development and management.
Poti is a key region serving the logistics industry in the Caucasus and Central Asia markets.
Another recent investment in Georgia's ports was made by Shanghai Zhenhua Heavy Industries Co., a Chinese manufacturer of cargo handling equipment, which has committed to the development of Anaklia Deep Sea Port in Georgia.