DP World, firm to bid for Haifa port privatisation

DUBAI, United Arab Emirates (AP) – Dubai-based port operator DP World said yesterday it would partner with an Israeli firm in a bid to take over the country’s Haifa port, the largest shipping hub for the nation.

DP World said in a statement it signed memorandums of understanding with DoverTower, a company owned by Shlomi Fogel, the co-owner of Israel Shipyards and the Port of Eilat.

The two firms also will explore creating a direct shipping route from Dubai’s massive Jebel Ali port to Eilat, the statement said. “DP World’s mission is to enable global trade,” DP World chairman and CEO Sultan Ahmed bin Sulayem said. “Our work to build trade routes between the UAE, Israel and beyond will help our customers to do business in the region more easily and efficiently.”

DP World runs operations as far east as Brisbane, Australia, and as far west as Prince Rupert, Canada. The company has expanded aggressively into East Africa, helping the Emirati government wield influence farther afield.

Tel Aviv City Hall is lit up in honour of the recognition agreements Israel will be signing with the United Arab Emirates and Bahrain at the White House, in Tel Aviv, Israel. PHOTO: AP