Dubai plans to build a new port to bypass the Strait of Hormuz

On 13 July, the British Financial Times reported that the Dubai Global Ports Group (DP World) was planning to build a new port and a container terminal on the eastern coast of the United Arab Emirates to reduce Dubai ' s dependence on the flagship port of Jebel Ali and bypass the Strait of Hormuz. According to informed sources, the Dubai-based port operator is negotiating the development of an entirely new multi-purpose port along the Fujairah coast and the construction of a new terminal within the existing local port. Over the past two decades, the Dubai Global Ports Group has developed into one of the most internationally influential businesses in the United Arab Emirates, with a large global port and logistics map, but the port of Jebel Ali remains the most important core asset for the Group and its owners in Dubai. The transfer of some port capacity beyond Dubai was significant for Dubai, which had been able to establish its status as a global trade and financial centre, in part thanks to the dynamic development of the port of Jebel Ali。