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UAE planning to develop shipping alternatives, port that bypasses Hormuz
L'imad Holding from Abu Dhabi is planning to heighten its infrastructure investments beyond the Strait of Hormuz. This strategic shift aims to reduce the emirate's reliance on this pivotal waterway amid current regional turbulence. Development plans focus on enhancing port infrastructure in Fujairah, ensuring stable routes for oil and other essential goods. However, security threats still pose challenges to Gulf…