Chairman of Dubai Ports World described the Zionist entity as a logical, strategic link between ports in Europe and the Middle East, estimating initial bilateral trade between UAE and the Israeli regime 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 the main ports in the Zionist entity.
“The port facilities (in the Zionist entity) 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.
DP World, who operates European operations include ports in the United Kingdom and the Netherlands, runs the Middle East’s largest transshipment port in Dubai.
It said in September it had signed a series of agreements with Israeli group DoverTower, including a joint bid in the privatization of Haifa Port on the Mediterranean.
The UAE in August agreed to forge ties with the Zionist entity. Bahrain and Sudan followed suit in establishing relations.