Adani takes over Haifa Port for $1.15 bn, promises to invest more in Israel

Dwells on host of key partnerships in Jewish nation, such as Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority; vows to change Haifa skyline with latest deal

Dev Chatterjee Mumbai
Adani Group chairman Gautam Adani (left) with Israel PM Benjamin Netanyahu (right)

Adani Group chairman Gautam Adani (left) with Israel PM Benjamin Netanyahu (right)

Even as investment bankers back home were busy selling the Rs 20,000 crore follow-on public offer of Adani Enterprises on Tuesday, Gautam Adani, Chairman of the Adani group, took over Haifa Port in Israel in the presence of Israel Prime Minister, Benjamin Netanyahu.
Addressing a gathering of top politicians and Indian officials at the handover ceremony, Adani said the group has struck many critical partnerships in Israel that include Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority. "We have initiated several dozen technology relationships wherein we have offered the entire Adani portfolio of companies to be a giant sandbox for us to learn together. We are also in the process of setting up an artificial intelligence lab in Tel Aviv which will work in close collaboration with our new AI labs in India and the US," Adani said. In July last year, the group announced the acquisition of Haifa Port with a local partner, Gadot, for $1.15

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First Published: Jan 31 2023 | 8:32 PM IST

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