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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Israel to Sell Haifa Port to India’s Adani Ports, Gadot Group for $1.2 Billion

Adani Ports Israel Haifa India Avigdor Lieberman Karan Adani Mediterranean
A picture taken on April 6, 2017 shows a part of the port in the Israeli mediterranean coastal city of Haifa. - AFP

Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion).

Gadot and Adani made it to the end of a two-year tender process that Israel hopes will lower import prices and help shorten notoriously long wait times at Israeli harbors.

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