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Gautam Adani takes over the Port of Haifa to continue investing in Israel

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  • Gautama Adani said he would continue to invest in Israel, following the acquisition of one of Israel’s largest international seaports, the port of Haifa.
  • We will transform the entire port landscape,” said Adani.
  • Prime Minister Benjamin Netanyahu said it was a “memorable” day when the port was handed over to the Adani Group.

Haifa [Israel]Jan. 31 (ANI): Gautam Adani, chairman of the business conglomerate Adani Group, after acquiring one of Israel’s largest international seaports, the Port of Haifa, said he would continue to invest in Israel, according to Reuters.

Adani made the remarks during a speech at a welcoming event in Haifa Adani Gates (APSE.NS) and Gadot, a local chemical and logistics group that bought the port for 4 billion shekels (USD 1.15 billion).

“We will transform the entire port landscape,” said Adani. “Our intention is to make the right set of investments that not only Adani Gadot partnership proud, but will make all of Israel proud,” Reuters said.

Meanwhile, Adani also met Israeli Prime Minister Benjamin Netanyahu. He described the day as “memorable” when the Port of Haifa was handed over to the Adani Group.

“Adani-Gadot planned to transform Haifa’s port into a landmark for all to admire,” he said.

“Privileged to meet @IsraeliPM @netanyahu on this momentous day when the Port of Haifa is handed over to the Adani Group. The Abraham Accord will be a breakthrough for logistics in the Mediterranean. Adani Gadot is set to transform the Port of Haifa into a milestone for all to admire,” Gautam Adani said in a tweet.

Adani is a first-generation entrepreneur and the Adani Group consists of 7 listed entities with operations in energy, ports and logistics, mining and resources, gas, defense and aerospace, and airports. In each of its business activities, the Group has achieved a leadership position in India.

Over the past 5 years, flagship company Adani Enterprises has invested heavily in new growth sectors including airports, cement, copper refining, data centers, green hydrogen, petrochemical refining, roads and solar cell manufacturing.

Looking ahead, it plans to enter the telecom space and has huge plans to grow its green hydrogen and airport business. (ANI)

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