Direct Israel-UAE shipping route? Dubai firm bids to take over Haifa port

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Title : Direct Israel-UAE shipping route? Dubai firm bids to take over Haifa port
Link : Direct Israel-UAE shipping route? Dubai firm bids to take over Haifa port

DUBAI, United Arab Emirates — Dubai-based port operator DP World said Wednesday it would partner with an Israeli firm in a bid to take over the country’s Haifa port, the largest shipping hub in the country.

DP World said in a statement that 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.” (Read More)