DP World and Israeli group to jointly bid for Haifa port

DP World

Dubai’s DP World is partnering with an Israeli group to bid for one of Israel’s two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.

The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to normalise ties, and marks a big development in trade and economic collaboration.

Dubai state-owned DP World, which operates ports from Hong Kong to Buenos Aires, signed a series of agreements with Israel’s DoverTower including a joint bid in the privatisation of Haifa Port on the Mediterranean, one of Israel’s two main sea terminals.

LEAVE A COMMENT

×

Comments are closed.