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Israel to sell Haifa Port to India’s Adani Ports, Gadot group for $1.2 billion

Israel said on Thursday (July 14) 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), the Alarabiya English reported, citing Reuters.
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.
Finance Minister Avigdor Lieberman: “The privatization of the port of Haifa will increase competition at the ports and lower the cost of living.”
Adani will have a majority 70 percent stake and Gadot will hold the remaining 30 percent, according to an industry official. Neither company was reachable for immediate comment.
Adani Ports, which has said it is the largest transport utility in India, is targeting expansion and seeks to become the premier global port group, the company’s chief executive Karan Adani, told an earnings call in May.

The new owners will compete with a private port that opened down the bay last year, which is operated by Shanghai International Port Group (SIPG).
It is worthy to note that about 98 percent of all goods move in and out of Israel over sea and the government has been upgrading the sector to maintain economic growth.
US, UAE, India and Israel hold first I2U2 summit
Warming ties with neighboring Arab countries are also creating new trade opportunities for Israel and Haifa is well placed to become a regional hub.
Haifa Port said the new group will operate the port until 2054 and that the winning bid was “higher than expected,” according to the rerpot.
Chairman Eshel Armoni: “After a complicated process, we were able to ensure Haifa Port’s future and its ability to compete in the coming years.”
Source: alarabiyaenglish
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Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
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Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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