BYPASS BILLIONS

L’Imad sovereign fund takes lead in UAE’s ‘Zero Hormuz’ strategy

L’Imad Holding, overseen by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed, has been buying out minority shareholders in AD Ports Group

Vidhyaa Chandramohan/Bloomberg via Getty Images

The skyline in Abu Dhabi

Abu Dhabi’s newest sovereign wealth fund has become central to the UAE’s “Zero Hormuz” strategy, a plan to bypass the troubled waterway that is evolving into one of the world’s largest infrastructure efforts.

As part of that...