Report
Abu Dhabi crown prince’s $300 billion wealth fund reportedly backs ‘Zero Hormuz’ strategy
Bloomberg reports that the fund is spending heavily on ports and infrastructure to redraw Gulf trade routes and bypass Iran’s grip on the Strait of Hormuz.
TLDR
Bloomberg reports that Abu Dhabi Crown Prince Sheikh Khaled’s $300 billion wealth fund is a key player in the UAE’s ‘Zero Hormuz’ strategy. The fund is spending heavily on ports and infrastructure as the UAE seeks to redirect Gulf trade routes away from the Strait of Hormuz.
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