Report: The UAE is planning to build a port and container terminal on the opposite side of the Hormuz, in a push to bypass Iran's closure of the waterway, the Financial Times repor

Report: The UAE is planning to build a port and container terminal on the opposite side of the Hormuz, in a push to bypass Iran's closure of the waterway, the Financial Times reported on Monday. Reporting by: @Tobiholc Link UAE plans to build new ports, oil hubs in Gulf of Oman to bypass Strait of Hormuz closure - report According to a report by FT, the new port would be built in the city of Fujairah, which already has a harbor but lacks the necessary infrastructure to serve as a major export hub.