In fact, the companies aim to open a direct shipping line between the Red Sea port of Eilat and Dubai’s Jebel Ali, the Middle East’s largest transshipment hub.

What is more, both sides inked a series of agreements including a joint bid in the privatization of Haifa Port on the Mediterranean, one of Israel’s two main sea terminals.

"Israel has two ports, the port of Ashdod and the port of Haifa. They are strong ports in excellent locations. If there is an opportunity, there is nothing to prevent us from having a presence there"... DP World Chairman Sultan Ahmed bin Sulayem told Arabiya TV.

For the reocrds, DoverTower is owned by Israeli businessman Shlomi Fogel, a shareholder in Israel Shipyards and a partner in the Eilat port.

In light of the situation, DP World will further work with Israel Shipyards on the joint venture that will participate in the tender for the Haifa privatisation.