UAE Launches 'Zero Hormuz' Strategy to Secure Energy Exports via Fujairah Port

Key Facts

1Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan is leading a strategy to bypass the Strait of Hormuz by expanding Fujairah port.

2L'imad Holding plans to take Abu Dhabi Ports Co. private at a valuation of nearly $9 billion.

3L'imad struck an agreement with BlackRock via its Global Infrastructure Partners unit for infrastructure development.

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan is leading the 'Zero Hormuz' strategy to bypass the Strait of Hormuz through a multi-billion dollar expansion of the Fujairah port. Bloomberg reported that L'imad Holding plans to take Abu Dhabi Ports Co. private at a valuation of approximately $9 billion as part of this initiative. Additionally, L'imad has entered into an agreement with BlackRock via its Global Infrastructure Partners unit to support infrastructure development.

The strategy aims to mitigate geopolitical risks and secure energy exports via the Gulf of Oman by transforming Fujairah into a primary oil and logistics hub. In equity markets, BlackRock (BLK) closed at $1058.29 on September 30, 2026, after reaching a session high of $1071.92.