Dubai government-owned ports and logistics giant, DP World, is planning to develop a new port and container terminal on the United Arab Emirates (UAE)’s east coast in a major strategic shift aimed at reducing dependence on the Strait of Hormuz amid growing regional security concerns, according to a report by the Financial Times.
The company is in discussions to build a new multipurpose port in Fujairah and a container terminal at the emirate’s existing harbour, people familiar with the matter told the newspaper. The project would mark a…
