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AgenciesDP World plans to build a new port and container terminal on the UAE's east coast, aiming to reduce reliance on Dubai's Jebel Ali hub and bypass the Strait of Hormuz (In pic)
DP World is planning to build a new port and a container terminal on the United Arab Emirates' east coast in a move that would reduce Dubai's dependence on its flagship Jebel Ali hub and bypass the Strait of Hormuz, the Financial Times reported on Monday.
The Dubai-based port operator is in talks to develop a brand new multipurpose port in the coastal area of Fujairah and a new terminal at the existing harbour in the emirate, the newspaper added, citing people familiar with the matter.
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Reuters could not immediately verify the report.
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The Dubai-based port operator is in talks to develop a brand new multipurpose port in the coastal area of Fujairah and a new terminal at the existing harbour in the emirate, the newspaper added, citing people familiar with the matter.
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Reuters could not immediately verify the report.
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