HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years
HSBC•HSBC Group Chief Executive Georges Elhedery said investment in alternative logistics routes could help the Gulf region recover from the Iran war. He said the Strait of Hormuz could become "redundant" in probably five years and that HSBC's commitment to the GCC region remained "steadfast."
1. Alternative logistics routes
Georges Elhedery said investment to build resilient alternative logistics routes means the Gulf region will recover from the impact of the Iran war. He said the Strait of Hormuz could become "redundant" in probably five years and that HSBC's commitment to the GCC region remained "steadfast."
