UAE to build new port to bypass the Strait of Hormuz
The United Arab Emirates plans to build a new seaport on the country’s eastern coast to reduce its dependence on the Strait of Hormuz. According to the Financial Times, the new logistics route will allow containers to be imported and exported without passing through the strait, after which cargo will be transported by road and rail to Dubai, Abu Dhabi, and neighboring countries.
The project has gained urgency following the sharp escalation around the Strait of Hormuz. According to the report, after Iran closed the strait, activity at Jebel Ali, the region’s largest container port, fell by 90–95%. The new port is expected to be completed in about 18 months, helping strengthen the UAE’s logistics network and reduce risks to the country’s foreign trade.
Read also
Romania proposes joint NATO command to protect the Black Sea
Drought in India threatens sugar and biofuel production
Record sunseed harvest in Russia threatens to drive down prices in Kazakhstan
Corn drying costs in Ukraine could exceed the value of the grain at current prices
Oilseeds remain the only profitable segment of crop production in Russia
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon