DP World, Israel shipyards weigh joint bid for Haifa Port
Published 16 Sep,2020 via Bloomberg News Service (Global Editions) - DP World, one of the world’s largest port operators, plans to make a joint bid for Israel’s Haifa Port as companies in the United Arab Emirates seek to benefit from closer cooperation between the Middle Eastern nations.
Dubai-based DP World will set up a venture with Israel Shipyards Industries Ltd. to participate in the tender for the port’s privatization, according to a statement. The plan is part of agreements signed in Dubai between DP World and DoverTower, a company owned by Shlomi Fogel, the co-owner of Israel Shipyards and Port of Eilat.
The news comes a day after the UAE and Bahrain signed landmark agreements to move toward establishing normal relations with Israel, setting in motion a potentially historic shift in Middle East politics. The biggest banks in Dubai and Abu Dhabi have already signed cooperation pacts with their Israeli counterparts.
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Alisa Odenheimer