Abu Dhabi’s Crown Prince Is Spending Billions to Bypass Iran’s Grip on Hormuz

Abu Dhabi’s crown prince is spending billions to bypass Iran’s grip on Hormuz

Abu Dhabi's sovereign wealth fund is likely to spend tens of billions of dollars on new port infrastructure outside the embattled strait, sources say.

UAE planning to develop shipping alternatives, port that bypasses Hormuz

Abu Dhabi's state-owned wealth platform, L'imad Holding, is preparing to increase its investment in ports and other infrastructure beyond the Strait of

Watch How Abu Dhabi's Crown Prince Is Trying to Bypass Hormuz

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan took the helm of a $300 billion sovereign wealth fund which has become central to building the infrastructure needed to override Iran’s stranglehold over the Strait of Hormuz. The fund is now likely to spend tens of billions of dollars more on new port infrastructure outside the embattled strait, people familiar with the matter said. Bloomberg's Alex Dooler reports.

"Zero Hormuz": Abu Dhabi Crown Prince Readies Tens Of Billions To Turn Fujairah Into Hormuz Bypass

"Zero Hormuz": Abu Dhabi Crown Prince Readies Tens Of Billions To Turn Fujairah Into Hormuz Bypass On March 3, just days after the first US and Israeli strikes on Iran, when most of the market was still busy pricing the closure of the Strait of Hormuz as a temporary inconvenience, we pointed out…

Abu Dhabi plans tens of billions in infrastructure to bypass Hormuz – Bloomberg

Abu Dhabi plans tens of billions in infrastructure to bypass Hormuz – Bloomberg Abu Dhabi is preparing to spend tens of billions of dollars on port infrastructure outside the Strait of Hormuz as the United Arab Emirates seeks to reduce its dependence on the strategic waterway, Bloomberg reported. A $300 billion sovereign wealth fund headed […] The post Abu Dhabi plans tens of billions in infrastructure to bypass Hormuz – Bloomberg first appeared…