Invictus procures 8 state-of-the-art refrigerated trucks

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UAE
  • Date: 24-Nov-2022
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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Invictus procures 8 state-of-the-art refrigerated trucks

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Invictus Investment has announced a capital expenditure of AED2.8 million ($760,000) to procure a fleet of over 8 refrigerated trucks to enable movement of perishable goods between Sudan, UAE and Saudi Arabia.

The purpose-built vehicles will transport key items such as chilled meat of lamb, beef, and goat along with fruits.

This is the first key procurement to ramp Invictus Investment’s offering and expand services in the climate-controlled transport and storage facilities with asset allocation a continued focus.

JV with Safeen

Earlier this year, Invictus Investment also entered into a joint venture with AD Ports Group’s Safeen Feeders to launch an international dry bulk shipping centre at an initial commitment of AED463 million, cumulatively, for five ships of varying sizes. Invictus’ dry-bulk trading business currently ships more than three million tonnes of commodities annually, primarily wheat and complementary grains.

“The rising urban population, developed transport infrastructure combined with the proximity to the sea and air ports have been key contributing factors to the growth of the cold chain business in the region,” said Amir Daowd Abdellatif, CEO, Invictus Investment.

“The move comes in line with the increased focus on expansion of commodities offerings and extensive efforts to ease movement of goods in the region.”

Specialised freight trucking

According

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