DP World, Israel Shipyards Weigh Joint Bid for Haifa Port
A port worker stands on the quay side near cranes at the Port of Haifa in Haifa, Israel.
Photographer: Ariel Jerozolimski/BloombergThis article is for subscribers only.
DP World, one of the world’s largest port operators, plans to make a joint bid for Israel’s Haifa Port as companies in the United Arab Emirates seek to benefit from closer cooperation between the Middle Eastern nations.
Dubai-based DP World will set up a venture with Israel Shipyards Industries Ltd. to participate in the tender for the port’s privatization, according to a statement. The plan is part of agreements signed in Dubai between DP World and DoverTower, a company owned by Shlomi Fogel, the co-owner of Israel Shipyards and Port of Eilat.