Business & Finance
UAE’s Hormuz workaround tries to bypass its trillion-dollar economic heart
Key Points
Geography has handed the United Arab Emirates quite the quandary: its government wants to cut dependence on the Strait of Hormuz to “zero”, yet the ports that power its economy sit squarely inside the waterway it hopes to avoid. Jebel Ali and Khalifa ports collectively handle most of the UAE’s US$1 trillion in annual non-oil trade, much of which flows to and from Asia. Together, they form the single most vital link in a logistics corridor stretching from Singapore to Europe – a status not...
Geography has handed the United Arab Emirates quite the quandary: its government wants to cut dependence on the Strait of Hormuz to “zero”, yet the ports that power its economy sit squarely inside the waterway it hopes to avoid.
Jebel Ali and Khalifa ports collectively handle most of the UAE’s US$1 trillion in annual non-oil trade, much of which flows to and from Asia. Together, they form the single most vital link in a logistics corridor stretching from Singapore to Europe – a status not easily...