Abu Dhabi sovereign wealth platform L'imad Holding is set to serve as the primary vehicle for financing and developing alternative transport corridors that bypass the Strait of Hormuz, according to reports highlighted by EnterpriseAM. The initiative forms part of the emirate's broader 'Zero Hormuz' strategy, which seeks to insulate exports of crude, petrochemicals, aluminium, and other strategic commodities from disruptions within the Gulf waterway.
The investment push follows moves by L'imad to privatise AD Ports Group at a valuation near $9 billion. Market sources cited in reports indicate that the entity is preparing to commit tens of billions of dollars toward expanded port, rail, and logistics infrastructure, with major developments concentrated along the UAE's east coast and the port city of Fujairah on the Gulf of Oman.
In parallel, Emirates Global Aluminium (EGA) signed a strategic commercial agreement with terminal operator Gulftainer to divert significant outbound shipments away from Gulf-facing terminals. Under the agreement, EGA plans to route up to 250,000 tonnes of aluminium via east coast ports during the first year of operation, with volumes targeted to increase to as much as 300,000 tonnes in the second year.
Gulftainer will expand handling and terminal capabilities to support EGA's logistics shift. EGA, the UAE's largest non-oil industrial exporter, recorded sales of more than 2.83 million tonnes of cast metal in 2025, supplying more than 400 customers across over 50 countries worldwide.
Sources
- EnterpriseAM · 2026-10-01
