NDTV·2 min read·medium
UAE Plans New Port On 'East Coast' To Avoid Iran Fire In Hormuz
✦AI Summary
The UAE is planning to construct a new port on its east coast to bypass the Strait of Hormuz. This strategic move aims to ensure the flow of shipments while avoiding potential security risks and Iranian interference in the narrow waterway.
The new port is also likely to deepen DP World's penetration in the Gulf of Oman, allowing shipments to travel in and out of the country without needing to pass through the narrow waterway between Oman and Iran.
worldeconomybusiness
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