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Adani Ports & Gadot to operate Israel’s largest port through 2024

Indian major port operator Adani Group and the Israeli logistics firm Gadot have won the tender for the sale of the Port of Haifa. Adani Ports and Gadot won tender in a US$1.2 billion deal. The concession will last through 2024 with the Indian port operator securing a 70% stake and the Israeli logistics group holding the remaining 30%.

The Port of Haifa is the largest port in Israel, handling around 50% of all the country's cargo.

Avigdor Lieberman, Finance Minister of Israel: "The privatisation of the port of Haifa will increase competition at the ports and lower the cost of living." Meanwhile, Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility, has clocked a cargo throughput of 100 MMT in the first 99 days of FY23.

Source: container-news.com


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