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Israel can link Middle East, European ports, DP World chairman says

By Reuters Staff
2 Min Read
FILE PHOTO: DP World CEO Sultan Ahmed bin Sulayem attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse
DUBAI (Reuters) - Israel is a logical, strategic link between ports in Europe and the Middle East, DP World’s chairman said on Monday, estimating initial UAE-Israel bilateral trade could be worth $5 billion.
Dubai state-owned DP World, one of the world’s largest port operators, is partnering with an Israeli group to bid for one of Israel’s main ports.
“The port facilities (in Israel) will allow us to link our ports in Europe to the Middle East,” Sultan Ahmed bin Sulayem told a United Arab Emirates-Israel conference in Dubai. ....

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Indonesian president inaugurates $3 billion 'strategic' port

Indonesian President Joko Widodo inaugurated the Patimban sea port in West Java on Sunday, saying the new gateway would have a "strategic" role in boosting the nation's pandemic-hit economy. ....

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