DP World to build 2 UAE container terminals in Hormuz
July 22, 2026 12:39 pm, EDT Commercial and residential buildings on the beach in Abu Dhabi, United Arab Emirates. (Vidya Chandramohan/Bloomberg) key takeaways: DP World reached an initial 50-year concession to build two deepwater terminals in Fujairah, UAE, outside the Strait of Hormuz. The project adds capacity for 2.5 million containers, 190,000 autos and 5.3