Adani Group To Transform Haifa Port With USD 1.2 Billion 

On Tuesday, January 31, Israel’s Haifa port and India’s Adani Group signed a deal which makes Adani the port owner for a sum of USD 1.2 billion. The billionaire plans to transform the city with hi-tech artificial intelligence ideas.

For that, they will set up an AI Lab in Tel Aviv.

For some time now, the Adani group has been building its footprints in Israel, including deals with companies like the Israel Innovation Authority, Israel Weapon System and Elbit Systems in the last six years. 

Adani To Transform Haifa Port
Image for representation purposes only

Last year, they won the Haifa port tender of the Israeli government with a bid of USD 1.2 billion. The deal was in partnership with the regional logistics and chemicals group Gadot. 

Prime Minister Benjamin Netanyahu and Gautam Adani stressed the importance of the deal and the investment opportunities it will bring. The PM termed it a milestone in improving connections between the two nations. He invoked the memory of Indian soldiers who were part of the World War I team that liberated Haifa, comparing them with present Indian investors liberating the port.  

Meanwhile, Gautam Adani revealed his plan to enhance the real estate scene at the Haifa port, which he said will transform the city skyline. 

Haifa is one of the largest ports in Israel; it’s the second largest in the country. 

References: Hindustan Times, The Indian Express


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