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DP World Plans New Fujairah Hub To Reduce Reliance On Hormuz

DP World, the Dubai-based ports operator with a direct presence at Limassol port, is advancing plans for a new gateway on the UAE’s east coast that would allow cargo to bypass the Strait of Hormuz, as rising tensions with Iran prompt Gulf economies to strengthen the resilience of their trade routes.

A Strategic Shift In Gulf Logistics

According to an exclusive Financial Times report, the company is in talks to develop a new multipurpose port on the Fujairah coast, alongside a container terminal at the emirate’s existing port. Reuters said it had not independently verified the plans.

The development is particularly relevant for Cyprus because DP World operates the multipurpose and cruise terminal at Limassol port. DP World Cyprus holds a 25-year concession covering general cargo, break-bulk, Ro-Ro and passenger operations, while fellow group company P&O Maritime has a separate 15-year concession for marine services, including towage and pilotage.

Why Fujairah Matters

The proposed facilities would expand DP World’s presence on the Gulf of Oman and create an alternative logistics corridor outside the Strait of Hormuz, one of the world’s most strategically sensitive shipping routes. Cargo could be unloaded in Fujairah before being transported by road to Dubai, Abu Dhabi and other Gulf markets.

A senior company official told the Financial Times the port could be completed within 18 months. While DP World declined to confirm the individual projects, it said “plans are in the works” to address ongoing disruption.

Jebel Ali Remains The Anchor

Even so, the Fujairah development would not supplant Jebel Ali, the flagship of Dubai’s emergence as a global logistics and re-export hub. Jebel Ali handled 15.6 million twenty-foot equivalent units in 2025, representing a substantial share of DP World’s global container volumes. A senior official told the FT that Jebel Ali would “never shrink,” indicating that Fujairah would function as an alternative lane rather than a rival hub.

That distinction matters. Jebel Ali’s warehouses, free zone and industrial ecosystem were built on the assumption that vessels would continue to pass freely through Hormuz. The conflict that began on February 28, after U.S. and Israeli strikes on Iran, has exposed the vulnerability of concentrating so much of the region’s trade infrastructure inside the Gulf.

The Pressure On Maritime Trade Keeps Rising

The latest shipping data reinforced that concern. Reuters reported that only six vessels crossed the strait on Sunday, the lowest level in five weeks, as renewed U.S.-Iranian strikes and attacks on commercial shipping increased safety fears. Oil and gas tanker traffic also fell to its lowest point since May 25.

Meanwhile, the WTO’s Strait of Hormuz trade tracker showed only limited and uneven signs of recovery after the June 17 agreement, with crude, liquefied natural gas and fertiliser flows still well below normal levels.

A Chokepoint No Longer Seen As Reliable

The threat intensified further on Tuesday when UAE authorities said Iranian cruise missiles struck two Emirati tankers, killing one sailor and injuring eight others. The attack sharpened the case for diversification and highlighted the commercial logic behind DP World’s eastward expansion.

In that context, the Fujairah project is not simply about adding capacity. It is about building resilience into the UAE’s trade architecture and reducing exposure to a chokepoint that can no longer be treated as reliably open.

Cyprus Innovation Leaders Gather For RIF’s Annual The Bash 2026

More than 200 leaders from Cyprus’ research, innovation and entrepreneurship community came together on Tuesday for The Bash 2026, the annual flagship networking event of the Research and Innovation Foundation (RIF).

Held under the theme “Let’s Cheers to Innovation Together!”, the gathering brought into one room the startups, scaleups, investors, academics, business support organisations, public sector representatives and policymakers helping shape Cyprus’ next phase of innovation-led growth.

Building Momentum Through Collaboration

The event opened with remarks from RIF board chairman and Chief Scientist for Research, Innovation and Technology Demetris Skourides, RIF director general Theodoros Loukaidis and Konstantinos Kleovoulou, who represented the Deputy Minister of Research, Innovation and Digital Policy.

Across their speeches, one message was consistent: Cyprus’ innovation story is increasingly being defined by collaboration.

“Cyprus’ innovation ecosystem is growing, maturing and continuously delivering new success stories,” Skourides said. “This is not happening by chance. It is the result of the collective effort and collaboration of everyone who is part of this community.”

He added that RIF remains focused on helping create the conditions needed for the ecosystem to expand further. “As the Research and Innovation Foundation, and personally in my capacity as Chief Scientist, we remain committed to securing the necessary resources and creating the right conditions to further strengthen and support our ecosystem,” he said.

Skourides said The Bash has become a platform where connections turn into commercial and institutional value. “The Bash demonstrates that when the community comes together, new ideas emerge, new partnerships are formed, and the next success stories for Cyprus begin,” he noted.

A More Mature Startup Landscape

Loukaidis pointed to Cyprus’ improved standing in the global startup arena, citing the country’s 39th-place ranking in the StartupBlink Startup Ecosystem Index.

“Today, Cyprus has a much stronger and more mature innovation ecosystem, ranked 39th globally in the StartupBlink Startup Ecosystem Index,” he said. “This achievement is the result of a collective effort involving startups and innovative businesses, investors, incubators and accelerators, knowledge transfer offices, our universities, public sector stakeholders, and the Research and Innovation Foundation, which continuously evolves to better support the ecosystem.”

He said the country is now laying the groundwork for further progress. “Together, we are building the foundations for even greater success,” Loukaidis added.

“Thank you all for being here tonight at The Bash, which has grown into a flagship event, creating opportunities for meaningful networking, new ideas and lasting collaborations,” he said.

Government Signals Continued Support

Representing the deputy minister, Kleovoulou reiterated the government’s commitment to sustaining the sector’s momentum.

“Cyprus today has a dynamic research and innovation ecosystem that continues to grow and create new opportunities,” he said. “The Government remains committed to supporting initiatives that strengthen collaboration and further enhance Cyprus’ research and innovation ecosystem.”

Beyond the networking agenda, the event served as a snapshot of how far Cyprus has come in building a more connected innovation economy. It also highlighted a broader policy truth: in small markets, scale often depends less on size than on coordination among government, universities, research organisations, investors and businesses.

RIF said the strong turnout and energetic atmosphere confirmed The Bash’s role as the annual meeting point for the island’s innovation community, helping generate synergies, partnerships and initiatives with long-term impact.

The event was organised under RIF’s Innovation Factory initiative and formed part of the activities of the Enterprise Europe Network Cyprus.

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