Transport and Logistics ME

Container ship hit near Jebel Ali, two tankers burn in Iraqi waters and Salalah port suspends operations as the Hormuz crisis drives up oil prices and freight costs

The initiative provides a proactive response to regional developments affecting shipping patterns and international flight schedules

First vessels have already begun transiting the strait under reported assurances

Significantly, capital expenditure rose to US$3.1 billion in 2025 while Return on Capital Employed rose to 9.9%

The three Gulf states expand air, land and port logistics to keep cargo moving amid instability in key maritime corridors

Ahmad has previously served as CFO of DP World GCC from 2021 to 2026