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Story summary
- DP World will develop two new maritime terminals in Fujairah under a 50-year concession agreed in principle with the Fujairah Ports Authority.
- The project will comprise a container and multipurpose terminal and a separate general-cargo terminal.
- Construction is expected to take about 24 to 30 months.
- Persian Gulf states are investing billions of dollars in pipelines, rail and energy-storage hubs to bypass the Strait of Hormuz.
