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UAE Ports Bypass Hormuz, Boost East Coast Trade
23 Jul
Summary
- New ports on UAE's east coast aim to bypass the Strait of Hormuz.
- Fujairah's importance grows as a maritime gateway with new logistics.
- An oil pipeline and new developments fuel Fujairah's economic boom.
DP World has announced plans to inaugurate two new ports on the UAE's east coast. These developments are set to accelerate the nation's strategy to permanently circumvent the Strait of Hormuz. Fujairah is experiencing significant growth due to its advantageous access to the Indian Ocean, situated outside the critical Strait.
An overland logistics network will connect DP World's primary terminal in Dubai with the upcoming ports in Fujairah. This initiative underscores Fujairah's increasing role as a vital maritime gateway. The emirate is also benefiting from other substantial projects.
These include a 406-km oil pipeline originating from Abu Dhabi, designed to bypass the Strait of Hormuz. This infrastructure is expected to enable the UAE to double its export capacity along the east coast into the Gulf of Oman. The region is also seeing a surge in luxury hotel and residential complex developments as investors seek new opportunities.
