OREANDA-NEWS DP World, the state-owned company of the Emirate of Dubai, will build a new port and container terminal in the east of the United Arab Emirates (UAE). The Financial Times (FT) reports on the found method of supplying oil and other goods bypassing the Strait of Hormuz.

It is planned that the new infrastructure will reduce the emirate's dependence on its flagship hub Jebel Ali.

After the escalation of the conflict between the United States and Iran, activity in the largest container port in the Jebel Ali region decreased by 90-95 percent. This prompted DP World to look for alternatives for shipments to international partners.

"We have our own plan, and we are very actively exploring opportunities on the east coast from the DP World perspective. This is a kind of insurance measure in case something goes wrong," the FT quoted a company representative as saying.

After the withdrawal of the United Arab Emirates (UAE) from the Organization of Petroleum Exporting Countries (OPEC), the country was no longer bound by quotas for the production and export of raw materials. As a result, the Abu Dhabi National Oil Company (ADNOC) launched a large-scale sale of raw materials produced in the Persian Gulf in June. Experts believe that the opening of the Strait of Hormuz may contribute to an even greater increase in shipments of raw materials from the UAE in the foreseeable future.