Saudi Arabia’s Neom is seeking to position itself as a new logistics hub with the development of a new trade corridor connecting European and Gulf markets.
The Port of Neom, part of the $500 billion mega project, is intended to bypass the Strait of Hormuz to access global export markets and continue trade activity.
The strait – through which about a fifth of the world’s oil normally passes – was effectively shut during the Iran war, but was declared “completely open” by Tehran on Friday.
The Port of Neom is a strategic gateway on the…
