DP World will build two new deepwater terminals on the UAE’s east coast, outside the Strait of Hormuz, under a 50-year concession.

INTELLIGENCE SUMMARY

DP World will build two new deepwater terminals on the UAE’s east coast, outside the Strait of Hormuz, under a 50-year concession. The project aims to reduce reliance on the vulnerable waterway by creating an alternative trade route, adding capacity for 2.5 million containers, 190,000 vehicles, and 5.3 million tons of cargo annually. Construction will be completed in phases over up to 30 months. Source: Bloomberg