Dubai plans new port to bypass Strait of Hormuz; DP World is planning to build a new port and a container terminal on the UAE's east coast that would reduce Dubai’s dependence on its flagship Jebel Ali hub and bypass the Strait of Hormuz, reports FT

DP World in talks to develop a brand new multipurpose port in the coastal area of Fujairah and a new terminal at the existing harbour in the same emirate, reports FT citing sources.  Activity at Jebel Ali, the region’s largest container port, fell between 90-95% after Iran closed the strait in response to US-Israeli attacks, the sources said. Official said the new port could be completed as soon as within a year and a half.