Adani Ports along with a local logistics group acquired Israel’s premier Mediterranean Port of Haifa .The Adani Ports conglomerate intends to ante up its investment in Israel and both parties to the transaction are considering establishing a trade and strategic gateway connecting the Port of Haifa and Middle Eastern region despite not having diplomatic ties with the Kingdom of Saudi Arabia .The Port of Haifa was acquired at a cost of around $ 1.10 billion and India’s Adani Ports has 70 % stake in the acquisition. What is to be seen is that can Adani Ports sustain this venture and has its appetite for acquiring ports overseas been satisfied or is it ambitious enough to secure more transactions in the region ?
India acquires Israel’s Port
By maritimeanalyst|2024-10-10T04:04:36+00:00February 1st, 2023|Categories: Maritime Logistics & Geostrategy|Tags: adani, haifa, india, port|0 Comments
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