The deal was signed by Dovertower head Shlomi Fogel, the co-owner of Israel Shipyards and the Port of Eilat, and DP World Chairman Sultan Ahmed bin Sulayem.
The two companies signed a number of memoranda of understandings (MoU) on developing trade links paving the way for the duo to explore opportunities for joint investment in developing trade infrastructure in the two countries and the region.
The cooperation will see the two parties cooperate on a potential shipping line between the Red Sea port of Eliat and Dubai’s Jebel Ali, according to local media reports.
