DP World and Dubai Customs to assess opportunities to develop trade links between UAE and Israel
World, the leading global provider of smart end-to-end logistics solutions, and
Dubai Customs will be exploring opportunities to develop trade links between
Israel and the United Arab Emirates, following the signing of a series of
memorandums of understanding (MoUs).
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.
MoUs create a framework for the companies to work together
of the engagement between the two countries to strengthen peace, dialogue and
stability and promote sustainable development, the MoUs create a framework for
the companies to work together in assessing opportunities to develop
infrastructure for trade between Israel and the UAE, as well as within Israel
and the region.
The MoUs cover three broad areas of
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.
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said: " 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."
This agreement is just the beginning of
mutual and long collaboration
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
believe that this agreement is just the beginning of mutual and long
collaboration and more agreements will follow between DP World and DoverTower
across different industries.
am also happy to announce that DP World and Israel Shipyards will collaborate
to establish a joint venture that will participate in the tender for
privatisation of the Port of Haifa."