Adani Group acquires Haifa port for $1.2 bn

  • The Adani Group has acquired the strategic Israeli port of Haifa for USD 1.2 billion.
  • The deal was signed by Adani Group chairman Gautam Adani in presence of Israeli PM Benjamin Netanyahu.
  • The Haifa Port is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships.
  • The Adani group will also develop real estate at the port to transform the Haifa skyline.