safe harbor

DP World plans UAE port that would bypass Strait of Hormuz

The move is part of a wider UAE effort to protect its economy after conflict with Iran sharply reduced traffic at Jebel Ali, the country's biggest port

Giuseppe CACACE / AFP via Getty Images

Cargo ships and tankers in the Strait of Hormuz off the UAE's coastal city of Fujairah

DP World is drawing up plans to build a new port on the UAE’s east coast after the Iran war exposed the risks of relying on the Strait of Hormuz.

The Dubai-owned conglomerate has been discussing construction of a...