DP World Expands UAE Gateway Bypassing the Strait of Hormuz

🇦🇪 gCaptain Shipping (AE) —
DP World Expands UAE Gateway Bypassing the Strait of Hormuz

AI Summary

DP World has signed an initial agreement with the Fujairah Ports Authority to develop two new port terminals on the UAE’s east coast. This expansion bypasses the Strait of Hormuz and aims to boost the UAE's port capacity significantly.

DP World has signed an agreement in principle with the Fujairah Ports Authority to develop two new port terminals on the UAE’s east coast, expanding capacity at a strategically located...

Politics Markets Deals Real Estate Energy Shipping DP World Fujairah Ports Authority port terminal development Strait of Hormuz bypass UAE shipping port capacity expansion

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