DP World Fujairah terminals bypass Hormuz

DP World and the United Arab Emirates — Fujairah Ports Authority signed a preliminary 50-year concession agreement to develop two new deep-water terminals on the UAE's east coast in Fujairah, bypassing the Strait of Hormuz. The Al Rugaylat container and multi-purpose terminal will handle up to 2.5 million TEUs annually, 1.7 million tonnes of general cargo, and 190,000 CEUs, while the United Arab Emirates — Dibba general cargo terminal will add up to 3.6 million tonnes of annual capacity. The terminals will be linked to United Arab Emirates — Jebel Ali via DP World's inland logistics network and integrated with United Arab Emirates — Jebel Ali Free Zone. Construction is expected to take 24-30 months. The project aims to reduce reliance on the Strait of Hormuz, which has been disrupted by the US-Iran war since late February. DP World's total container capacity in the UAE will increase from 19.4 million to nearly 22 million TEUs. The investment is part of the UAE's broader strategy to diversify supply chains and remove single points of failure.