World News
Dubai Planning to Build New Port to Bypass Strait of Hormuz Amid Gulf War, Uncertainty: Reports
Dubai is reportedly planning a new port and container terminal on the United Arab Emirates’ east coast in a bid to bypass the Strait of Hormuz.
Dubai is reportedly planning a new port and container terminal on the United Arab Emirates’ east coast in a bid to bypass the Strait of Hormuz, that has remained in a phase of uncertainty ever since the start of the US-Israel joint war against Iran. Reuters reported that DP World is planning to build a new port and acontainer terminal aiming to reduce Dubai’s dependence on its flagship Jebel Ali hub and bypass the Strait of Hormuz, Reuters quoted the Financial Times.
According to The Financial Times, DP World – a Dubai-based operator – may develop a multipurpose port in the coastal area of Fujairah and also a new terminal at the existing harbour in the emirate.
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