DP World Develops Fujairah Container Ports
Dubai Ports World (DP World) announces the establishment of two container ports in Fujairah: Rughaylat Port and Diba Fujairah Port, under a 50-year agreement. The project aims to enhance the region's capacity and increase container handling in the UAE from 19.4 million to approximately 22 million containers annually. It also seeks to support economic growth and reduce dependence on the Strait of Hormuz amid escalating tensions between Iran and the United States, as shipping through the strait is currently experiencing a significant decline due to security threats and Iranian sanctions. The implementation of the project is expected to take between 24 and 30 months and will provide a new trading gateway capable of accommodating massive ships, linked with a modern logistics network to bolster both local and global supply chains.
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