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.
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The two firms also will explore creating a direct shipping route from Dubai's massive Jebel Ali port to Eilat, the statement said.
