Abu Dhabi is preparing to spend tens of billions of dollars on these ports to mitigate risks to global energy supplies and commerce caused by the war with Iran, Bloomberg reported citing people familiar with the matter. As part of this shift, L'imad Holding is moving to take Abu Dhabi Ports private at a valuation of nearly $9 billion to facilitate the redesign of regional trade flows.
Wednesday, October 21, 2026
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Abu Dhabi Spends Tens of Billions to Bypass Strait of Hormuz
Commodities21 days ago
The United Arab Emirates is using a $300 billion sovereign wealth fund to develop maritime infrastructure and alternative trade routes across the Gulf. This "Zero Hormuz" strategy, led by Crown Prince Sheikh Khaled bin Mohamed Al Nahyan, focuses on creating shipping hubs away from the Strait of Hormuz to reduce the emirate's dependence on the strategic waterway.
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