Saudi Arabia needs trade route independent of maritime chokepoints, Folk Maritime CEO says

JEDDAH: Saudi Arabia should develop a trade corridor through the Indian Ocean to reduce its dependence on the region’s two maritime chokepoints, Folk Maritime’s CEO said on Wednesday. “We need, as a Kingdom, to be independent of either of the two straits. This is a lesson we have all learned, ” Poul Hestbaek told the Saudi Maritime and Logistics Congress in Jeddah. Speaking during the opening panel, “Fragmentation: Navigating the New Geopolitics, ” he said: “How are we going to do it? Who is going

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