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DP World Pulls Out Of Haifa Port Privatisation Tender

DP World pulls out of Haifa port privatisation tender

Source: DP World
Haifa, Israel (PortSEurope) December 3, 2021 – DP World of Dubai has withdrawn from the tender to operate the Israeli port of Haifa. This was reported by Israel’s Government Companies Authority. Last August, a joint venture between DP World and Israel Shipyards Industries looked like the front runner in the tender for the privatisation of the Mediterranean port of Haifa. This became possible after a
formal agreement was signed last year between Israel and the United Arab Emirates (UAE), as well as between Israel and Bahrain, formalising diplomatic relations between Israel and the two Gulf Arab nations. Israel Shipyards Industries plans continue participating in the privatization of the port independently or jointly with another partner. Jerusalem wants to choose a winner in the tender by the end-2021, which now looks unlikely, and transfer the ownership of the port in early 2022. Improved ties with Arab countries in the region has created new business opportunities, which could turn Haifa into a regional trade hub. But in order for this to happen Haifa needs substantial upgrades of its facilities and massive investments. Turkey’s Yildirim Holding, part of a rival bid, was also reported as being interested. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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