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UAE Plans New Port On 'East Coast' To Avoid Iran Fire In Hormuz
in5points
UAE plans a new port on its 'east coast' to bypass the Strait of Hormuz.
The port would allow shipments to avoid the narrow waterway between Oman and Iran.
DP World may deepen its presence in the Gulf of Oman through this project.
The plan is driven by concerns over potential Iranian disruption in the Strait of Hormuz.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani