Dubai Firm Cuts Deal for New Port to Bypass Strait of Hormuz

DP World will develop two new container terminals in Fujairah on the United Arab Emirates' eastern coast, the global ports operator said on Wednesday as ​the Gulf state works to reduce its dependence on the Strait of ‌Hormuz amid the Iran war.
"The development will expand DP World's UAE capacity and gateway network, giving customers greater choice, flexibility, and connectivity across regional and global trade routes," the Dubai-based firm said in a statement.