UAE Plans to Build New Ports, Oil Hubs in Gulf of Oman to Bypass Strait of Hormuz Closure
DP World said the new facility could be finished in 18 months as cargo shifts to Fujairah and Khor Fakkan after Hormuz disruptions.
- On Monday, the United Arab Emirates announced plans for a new port and container terminal in Fujairah, led by DP World, to bypass the Strait of Hormuz. The project could be completed within 18 months.
- Activity at Jebel Ali, the region's largest container port, fell 90–95 per cent after Iran closed the Strait of Hormuz, forcing DP World to divert cargo to Fujairah and Khor Fakkan. Both facilities now face heavy congestion.
- Abu Dhabi National Oil Co. will sell offshore crude for collection outside the Strait of Hormuz, indexed to the Dubai benchmark. Earlier this month, DP World announced a US$2 billion investment plan to increase Khor Fakkan capacity.
- These developments reflect a broader UAE initiative to reduce long-term dependence on the Strait of Hormuz. DP World officials stated "there are plans in the works around diversification to get through this disruption."
- Iran has fired nearly 3,000 drones or missiles at the UAE since February, intensifying regional security concerns. Moody's estimates DP World's overall earnings will fall to about US$5.9 billion this year due to the conflict.
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eldiariodechihuahua.mxCompany DP World, of Emirates Rabes, plans to build port on its east coast to avoid passage of sea trade through Strait of Ormuz.
Great uncertainty is causing the Gulf states to build pipelines and ships to seek new ports.
Since the beginning of the war, the port of Jebel Ali is almost at a stop. In order to break free from Ormuz, the Dubai operator DP World was flooring on a second site. The renewed tension observed between Tehran and Washington is not likely to cause him to change his mindDonald Trump continues to blow the warm and cold in the Persian Gulf. After threatening Monday to receive in exchange for the protection of the Strait of Ormuz a remuneration c…
DP World wants to build a new port on the eastern coast of the Emirates. But also the other Gulf countries bet on alternatives to the Strait, focusing on new hubs and old pipelines
The state-owned Dubai port operator DP World is considering the construction of a new multi-purpose port and container terminal in Fujaira on the Gulf of Oman.
DP World Plans New UAE East Coast Port And Container Terminal To Bypass Strait Of Hormuz
Image Credits: DP World DP World is planning to build a new port and container terminal on the United Arab Emirates’ east coast to reduce Dubai’s reliance on Jebel Ali Port and create an alternative route that avoids the Strait of Hormuz, the Financial Times reported on Monday. The Dubai-based ports operator is in talks to develop a new multipurpose port in Fujairah and a new container terminal at the emirate’s existing harbour, the newspaper re…
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