DP World, an Emirati multinational logistics company, is reportedly planning to shift its operations on the east coast of the United Arab Emirates to reduce Dubai’s reliance on its flagship Jebel Ali hub and the Strait of Hormuz.
The Dubai-based company is in talks to develop a brand new multipurpose port in the coastal area of Fujairah and a new container terminal at the existing harbour in the same emirate, according to a Financial Times report.
DP World has emerged as one of the UAE’s most global entities over the past two decades, building a ports and logistics empire across the globe.
Among them, Jebel Ali remains the group’s crown jewel, which helped establish Dubai as the global trade and finance hub. Shifting some of the port’s capacity outside Dubai would mark a seismic shift for the UAE.