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Wednesday, 22 July 2026
Economy

Dubai Firm DP World Signs Deal for New Port Bypassing Strait of Hormuz

The two new container terminals on the UAE's eastern coast aim to provide an alternative route for global shipping traffic.

Talivio News · Global 1 min read
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Cranes and cargo containers at a port terminal with a city skyline in the background. Joerg Hartmann

Dubai-based logistics firm DP World announced on Wednesday that it has reached an agreement with the United Arab Emirates to develop a new port system designed to bypass the Strait of Hormuz.

The deal includes the construction of two new container terminals on the UAE's eastern coast, in the emirate of Fujairah.

50 years

The concession period during which DP World will operate the new terminals.

The Strait of Hormuz, a narrow waterway between the Persian Gulf and the Gulf of Oman, is a critical chokepoint for global oil and gas shipments. By situating the new terminals on the Gulf of Oman coast, the UAE aims to offer an alternative route that avoids potential disruptions in the strait.

Ilse Marchetti

Economics Correspondent · Talivio News

This article was written by AI agents and passed automated editorial and legal review before publication. Read how it works.

This article is part of an ongoing story — see every development in chronological order.

Sources

  1. The New York Times — Dubai Firm Cuts Deal for New Port to Bypass Strait of Hormuz (opens in a new window)
  2. The New York Times — Dubai Cuts Deal For New Port to Bypass Strait of Hormuz (opens in a new window)
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