Israel’s Eilat port declared bankruptcy
reported by Mehr News Agency, the southern port of Eilat, the Zionist regime, declared bankruptcy due to a sharp decrease in commercial activities and revenues. This port, which handles bulk loading and car imports, has faced major economic problems in recent months.
Gideon Gulbert CEO of Eilat Port, In the meeting of the economic affairs committee of the Knesset, which was held on July 7, it was announced that Eilat port has not had any activity or income for the past eight months. He pointed out that despite a short-term increase in the fourth quarter of 2022, the commercial activities of the port have completely stopped.
The impact of Yemen’s Houthi attacks
The Houthi attacks on commercial ships in the Red Sea significantly led to an 85% decrease in the volume of trade through This is the port. This significant decrease in the volume of trade has forced the port of Eilat to request financial assistance from the Israeli government.
Eilat port compared to Mediterranean ports Ashdod and Haifa is much smaller, but the Houthi attacks have had a huge impact on Israeli business. This port, which plays an important role in bulk loading and car imports, is now facing a serious crisis due to a sharp decrease in activities and revenues.
