DUBAI, UAE: Invictus Investment (ADX: INVICTUS) introduced the capital expenditure of AED 2.8 million to procure a fleet of over eight refrigerated trucks to allow motion of perishable items between Sudan, UAE and Saudi Arabia.
The purpose-built vehicles will transport key items such as chilled meat of lamb, beef, and goat together with fruits. This is the primary key procurement to ramp Invictus Investment’s providing and expand services within the climate-controlled transport and storage facilities with asset allocation a continued focus.
Earlier this year, Invictus Investment additionally entered right into a three way partnership with AD Ports Group’s SAFEEN Feeders to launch an worldwide dry bulk shipping centre at an preliminary dedication of AED 463 million, cumulatively, for 5 ships of various sizes. Invictus’ dry-bulk buying and selling enterprise currently ships greater than three million tonnes of commodities annually, primarily wheat and complementary grains.
“The rising city population, developed transport infrastructure mixed with the proximity to the ocean and air ports have been key contributing factors to the expansion of the chilly chain enterprise within the region,” said Amir Daowd Abdellatif, CEO, Invictus Investment.
“The transfer is available in line with the elevated focus on expansion of commodities choices and extensive efforts to ease motion of products within the region.”
According to a recent study, the worldwide specialised freight trucking market is anticipated to develop to USD 980.49 billion this year at a compound annual growth rate (CAGR) of 10.2% from USD 889.89 billion in 2021. The market is anticipated to additional develop to USD 1,381.77 billion by 2026.
“Investments in warehouses, transportation solution and silos are an important a half of our growth and expansion plans. This will allow us to broaden our choices whereas additionally ensuring the way forward for meals is secure. At Invictus investment, we’re dedicated to connecting producers and consumers between the UAE and Saudi Arabia in a cost efficient and well timed manner,” he added.
Established in 2014, Invictus Investment listed within the Abu Dhabi Securities Exchange (ADX) in June 2022 with an preliminary valuation of AED three billion.