Saudi Arabia is promoting the port at its flagship NEOM development as a strategic trade hub linking the Gulf with Europe and Africa, as regional tensions disrupt shipping through the Strait of Hormuz, the Financial Times reports.
The move reflects a broader effort by the kingdom to expand the role of its Red Sea coast in global trade, reducing reliance on routes vulnerable to disruption amid ongoing tensions involving Iran.
The shift comes after attacks on shipping earlier this year, which followed a U.S.-Israeli strike on Iran and…
