Haifa port deal with Adani Group ‘major milestone’: Israeli PM Netanyahu

Israeli Prime Minister Benjamin Netanyahu has described the Haifa port deal with the Adani Group as a “major milestone” and said it will improve relations between the two countries in many ways.

The Port of Haifa is Israel’s second largest port in terms of shipping containers and the largest port in terms of tourist cruise ships.

הצטרפו לשידור החי: דברי ראש הממשלה בנימין נתניהו ושרת התחבורה מירי רגב בטקס כניסת חברת א.ד.ג.ד. בע”מ לנמל חיפה https://t.co/2fDAe2PQiN

— ראש ממשלת ישראל (@IsraeliPM_heb) January 31, 2023

“I think this is a big milestone,” Netanyahu said after signing the ‘Port Book’ with Adani Group chairman Gautam Adani. “Today very strong Indian investors are helping to liberate the port of Haifa.

Prime Minister Netanyahu said he discussed with his “good friend” and Indian Prime Minister Narendra Modi “enhancement of connectivity between the two countries in many ways including transport, air routes and sea routes…let it happen today”. used.”

What’s happening today is historic because “what we’re seeing is improving peace,” he said.

Netanyahu said the area would become an entry and exit point for a large number of goods. “Really, frankly, it’s a good investment,” he said.

A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel’s Gadot Group bid to privatize Haifa Port in Israel for $1.18 billion in July last year.

After the procurement work was completed on January 11 this year, the work of upgrading the port is going on in full swing. Indian partner Adani holds 70 percent stake in the joint venture and local partner holds 30 percent stake.