Fortunes Diverge for Dubai, Turkey Firms Bidding on Israeli Port Bloomberg 1/28/2021 Ivan Levingston and Ercan Ersoy
(Bloomberg) Israeli officials have cleared United Arab Emirates port operator DP World to move forward in the privatization of Israel’s largest seaport but kept Turkey’s Yildirim Holding AS under further scrutiny.
DP World received security clearance to move forward in the bidding process for the port in the northern city of Haifa, according to two people familiar with the matter. Local representatives for Yildirim lodged a complaint about unfair treatment in the process, according to a letter it sent to Israeli officials that was seen by Bloomberg.
DP World Advances in Israel Port Bid as Turkish Firm Faces Check
Ivan Levingston and Ercan Ersoy, Bloomberg News Shipping containers and cranes at the Port of Haifa, viewed from from Mount Carmel, in Haifa, Israel, on Thursday, Nov. 5, 2020. U.S. officials hoping to put a chill on Chinese involvement in strategic infrastructure projects have been encouraging American firms to bid for Israelâs largest seaport in the northern city of Haifa. Photographer: Kobi Wolf/Bloomberg , Bloomberg
(Bloomberg) Israeli officials have cleared United Arab Emirates port operator DP World to move forward in the privatization of Israelâs largest port but have kept Turkeyâs Yildirim Holding AS under further scrutiny.
Mark of progress
DP World s progress is an important indicator for Israel s new agreement with the UAE, which the countries announced last summer. It marks a key nod of approval from Israel when it comes to Emirati involvement in strategic assets. Israel hopes to sell the facility for as much as 2 billion shekels ($612 million). We look at Israel as a very important logistical place, DP World s Chairman and CEO Sultan Ahmed Bin Sulayem said Thursday in a Bloomberg TV interview. We have approval like everyone else. We are still bidding.
DP World is complying with local partnership requirements, he said.