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UAE firm plans port investments to reduce Strait of Hormuz reliance

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Abu Dhabi's L'imad Holding is planning new infrastructure investments beyond the Strait of Hormuz. The firm aims to develop port facilities in Fujairah to ensure stable shipping routes for oil and goods. This strategic move seeks to reduce reliance on the critical waterway due to current regional instability. However, ongoing security threats in the Gulf region continue to challenge such infrastructure projects.

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UAE firm plans port investments to reduce Strait of Hormuz reliance · ShortSingh