Port of Eilat receives approval for privatisation

The decision came after a presentation from the Government Companies Authority outlining its plans for the privatisation process.
 
The 15-year concession to operate the port would be issued by the Minister of Transport with an option to extend it for another ten years, subject to meeting container throughput volume quotas at the port during the first three years of the concession period.
 
Meeting the criteria could be a challenge for the new operator as Eilat Port mainly handles imported cars and exports chemicals. Over the years Eilat has also become a port of call for cruise ships.