The state-owned company “DP World” of the United Arab Emirates (UAE) will build a new multifunctional port and container terminal in the east of the UAE to transport oil and other goods by bypassing the Strait of Hormuz.
According to elchi news, this was reported by “The Financial Times” (FT), citing a company representative.
It is noted that the new infrastructure in the Fujairah coastal zone will reduce the emirate’s dependence on its flagship hub, Jebel Ali. Following the escalation of the US-Iran conflict, activity at Jebel Ali, the region’s largest container port, has decreased by 90-95%. This has prompted “DP World” to seek alternatives to supply its international partners.
“We have our own plan, and from the perspective of “DP World”, we are actively exploring opportunities on the east coast. It is a kind of insurance measure in case something goes wrong,” the company stated.
The new project will expand “DP World”‘s presence in the Gulf of Oman and allow containers to enter and exit the country without passing through the Strait of Hormuz, after which they will be transported by truck via land routes to Dubai, Abu Dhabi, and neighboring Gulf countries.
A company representative announced that the project has not yet been finalized and negotiations with UAE authorities are ongoing. However, if final approval is received, its implementation will take no more than a year and a half.