DP World, Israeli firm to bid for Haifa port privatization

Associated Press |
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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 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.
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