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3/6/24, 9:46 AM UAE minister of economy stresses need for alternative trade routes amid Red Sea conflicts | MENAFN.COM
UAE minister of economy stresses need for
alternative trade routes amid Red Sea
conflicts
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2/29/2024 4:15:02 AM
(MENAFN) Abdulla bin Touq, the Minister of Economy of the UAE, has emphasized that the
conflicts arising in the Red Sea region underscore the necessity for the establishment of
alternative trade pathways and the allocation of investments towards restructuring logistics to
guarantee reliable supply chains.
“The challenge of the Red Sea is a challenge for both the UAE and globally,” Mr. bin Touq
conveyed this message to a news agency headquartered in the UAE.
“We need to look at new trade routes, new ways of moving items, [ensuring availability of]
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