UAE – Mubasher: The bilateral trade between the UAE and Israel is expected to grow to $5 billion, announced the Chairman of DP World, Sultan Ahmed bin Sulayem as reported by Reuters.
During the UAE-Israel conference in Dubai, Sulayem confirmed that Israel is a strategic link between ports in Europe and the Middle East.
Hence, DP World seeks to form a partnership with an Israeli group to bid for one of the main ports in Israel.
It is noteworthy to mention that in September, DP World and DoverTower, owned by Shlomi Fogel who is the co-owner of Israel Shipyards and Port of Eilat, have inked Memorandum of Understandings (MoUs), including a joint bid in the privatisation of Haifa Port on the Mediterranean.
