DP World to strengthen business with Israel and Dubai

DP World

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DP World and Dubai Customs have signed a series of memorandums of understanding (MOUs) to develop trade links between Israel and the United Arab Emirates.

Group Chairman and CEO of DP World, HE Sultan Ahmed bin Sulayem, signed MoUs with DoverTower, a company owned by Shlomi Fogel, the co-owner of Israel Shipyards and Port of Eilat.

The MOUs cover the corporation among parties on below aspects;

  • DP World will assess the development of Israeli ports and free zones and the potential establishment of a direct shipping route between Eilat and Jebel Ali.
  • Dubai Customs will promote and facilitate trade between private entities in the two countries through customs best practice and seamless, innovative processes.
  • Drydocks World will explore business opportunities with Israel Shipyards on a joint venture for developing, manufacturing and marketing ISL products.

HE Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said, “The MoUs will contribute to the efforts to tap economic and trade cooperation opportunities, and facilitate development-oriented linkages between the two countries. DP World’s mission is to enable global trade – 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.”

Shlomi Fogel, Chairman and owner of DoverTower Group, shareholder of Israel Shipyard port in Haifa and partner of Eilat Port, said, “This is a great honour to work and collaborate with HE Sultan bin Sulayem, Chairman and CEO of DP World. I’m proud of our mutual friendship and vision to create a strategic partnership that will positively impact the global trade and economy while strengthening the commercial relationship between the state of Israel and the United Arab Emirates.”

Source: Daily Logistic

 

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