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Israel Shipyards, DP World Jointly Bid In Haifa Port Privatisation

Israel Shipyards, DP World jointly bid in Haifa Port privatisation

Source: DP World
Haifa, Israel (PortSEurope) October 30, 2020 – Dubai’s DP World and Israel Shipyards Industries have jointly submitted a bid to take over Haifa port which is set to be privatised. The Israeli company said that, if successful, the port can become more competitive and become a modern international logistics hub, linking Europe and Asia. Last month, Israeli Prime Minister Benjamin Netanyahu and the foreign ministers
of the United Arab Emirates and Bahrain signed agreements formalizing diplomatic relations between Israel and two Gulf Arab nations. This has led to further corporate agreements linked to improving commercial relations between the two countries. The DP World-Israeli Shipyards joint bid is a result of this agreement. Economic links are expanding quickly and this might encourage Israel to favour UAE involvement in the management of the port. Also last month, DP World said it signed a series of agreements with Israel’s DoverTower which is co-owned by Israeli businessman Shlomi Fogel, a shareholder in Israel Shipyards. State-owned DP World operates a global network of ports and logistics operations and would bring a vast amount of experience to any future involvement in Haifa. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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