UAE planning to develop shipping alternatives, port that bypasses Hormuz
Bulk Carrier ‘Adventure’ at the Port of Fujairah (Photo: Reuters). Abu Dhabi’s state-owned wealth platform, L’imad Holding, is preparing to increase its investment in ports and other infrastructure beyond the Strait of Hormuz, as the UAE seeks to lessen its dependence on the waterway during the ongoing conflict with Iran.The Strait of Hormuz is the…
