
01/02/2023
Israeli Prime Minister Benjamin Netanyahu referred to the Adani Group's acquisition of the Haifa port as a "enormous milestone" since it represented the company's entry into Israel.
The Port of Haifa is the main port for shipping tourist cruise ships and the second largest port for shipping containers in Israel.
The bid to privatise the Haifa Port for $1.18 billion was won in July of last year by a group consisting of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group.
The head of the Adani Group, Gautam Adani, was present during the event on Tuesday at the Haifa port's temporary cruise terminal.
"We will transform the entire port landscape," Adani said. "Our intention is to make the right set of investments that will not just make the Adani-Gadot partnership proud, but will make the whole of Israel proud."
Gautam Adani added he would keep investing in Israel.
Adani Group has no holdings in the West. Its entry into Israel is a signal for increased maritime traffic between Asia and Europe, and the major Asian players’ need for a hub in the Mediterranean.
Meanwhile, for the Israel’s leaders, the entry of Adani Group has revived hopes of creating a trade gateway connecting the Mediterranean port of Haifa and the broader Middle East, including Saudi Arabia, which does not have ties with Israel.
Israeli Prime Minister Benjamin Netanyahu described the Haifa port deal with the Adani Group as an "enormous milestone”.
"I think this is an enormous milestone...Over 100 years ago, and during the World World I, it was the brave Indian soldiers who helped liberate the city of Haifa. And today, it's very robust Indian investors who are helping to liberate the port of Haifa," Netanyahu said after signing the port book along with Adani Group chairman Gautam Adani.
PM Benjamin Netanyahu said that he discussed with his "good friend" Indian counterpart Narendra Modi in this vision of "having connectivity between our countries in many ways, transportation lines and air routes and sea routes...and it's happening today."