UAE to Build Two New Deepwater Terminals to Bypass the Strait of Hormuz ✨

UAE to Build Two New Deepwater Terminals to Bypass the Strait of Hormuz ✨
The United Arab Emirates will build two new deepwater terminals on its east coast as part of a plan to reduce its reliance on the Strait of Hormuz to zero.
🔹 The project has been agreed in principle between DP World and the Fujairah Port Authority with a 50-year concession.
🔹 Location: Fujairah area on the Gulf of Oman side, the only major UAE port area outside the Strait of Hormuz.
🔹 Terminal 1: Al Rughaylat container and multipurpose terminal with an annual capacity of 2.5 million TEU, 1.7 million tons of general cargo, and 190,000 vehicles.
🔹 Terminal 2: Dibba general cargo terminal with an additional annual capacity of 3.6 million tons.
🔹 Construction time: Phased delivery between 24 and 30 months from the start of works.
🔹 Total capacity: Will increase DP World UAE's container capacity from 19.4 million TEU to approximately 22 million TEU.
The Fujairah area has gained strategic importance in recent months following the de facto closure of the Strait of Hormuz. The strait carries approximately one-fifth of global oil and gas flows, and traffic has reportedly dropped to as low as 9 ships on days. The UAE and Saudi Arabia are operating existing pipelines at near full capacity and are planning to invest billions of dollars in new lines.
Sources indicate that the UAE is preparing for a future without the Strait of Hormuz. Foreign Trade Minister Thani Al Zeyoudi confirmed the goal of zero dependence on the Strait of Hormuz. The plan includes expanding eastern ports, building new pipelines, and strengthening rail and road connections.
The project is not intended to replace the Jebel Ali port, but rather to provide backup and uninterrupted trade. Cargo arriving at Fujairah will be transported by road and rail to Dubai, Abu Dhabi, and surrounding Gulf countries.
#SummerCreationCamp #夏日创作营
#𝐎𝐈𝐋 #Hormuz
$XTIUSD $XBRUSD $CL