DP World, Bank Leumi to explore Israel logistics investments

DP World and Bank Leumi signed an accord to explore potential opportunities in the logistics sector as the United Arab Emirates and Israel normalise relations.

The memorandum of understanding includes a framework for collaboration in developing ports and logistics assets in Israel, and trade finance and digital solutions, Dubai-based DP World said in a statement.

The UAE and Bahrain last week signed agreements to move toward establishing normal ties with Israel, setting in motion a potentially historic shift in Middle East politics.

DP World, one of the world’s largest port operators, last week said it plans to make a joint bid for Israel’s Haifa Port.

Also read: DP World, Israel Shipyards weigh joint bid for Haifa port