Adani’s Israel Win

Adani group of India has successfully secured a deal to privatise the Port of Haifa, Israel. The winning bid of US$1.18 billion was offered in conjunction with local logistics group, Gadot. Adani has a majority 70 per cent stake and Gadot will hold the remaining 30 per cent in the concession that has been awarded to 2054. Adani’s bid was 55 per cent higher than the second ranked bid received. Shanghai International Port Group also operates a terminal at the port.