Adani Ports wins tender for privatisation of Israel's Haifa Port

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26 Aug, 2025 12:21

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A consortium of Adani Ports and Special Economic Zone Ltd (APSEZ) and Gadot Group has won the tender to privatise Haifa Port, the second largest port in Israel, the company said in indices filing on July 15.

Through the winning bid, the Adani-Gadot consortium has secured the rights to buy 100% shares of Haifa Port Company Ltd. The concession period of the Port of Haifa remains up to 2054.

“Needless to say, we are delighted to win the privatisation tender of the Port of Haifa and this is one of the many steps we are taking to transform APSEZ into a global transport utility that will include logistics and warehousing," said Karan Adani, Wholetime Director & CEO, APSEZ.

Also Read | Adani Ports expects 60% growth in cargo volumes to 500 MT by 2025

"Our partnership with Adani blends the best of two worlds – our expertise in handling cargo in Haifa Port and Adani's world class capability in managing port operations," said Mr Opher Linchevski, CEO of Gadot. "The length of the lease and the growth that we anticipate in the Israel economy as well as the surrounding regions means we are well positioned to invest to build one of the best ports in this region."

The consortium of APSEZ and Gadot Group was formed with their respective shares of 70% and 30%. The consortium’s offer was $ 1.18 billion.

Haifa port handles nearly half of Israel’s container cargo, and is also the country’s principal port for passenger traffic and cruise ships.

The Adani-Gadot team will face competition from another port in Haifa, opened last year and operated by the Shanghai International Port Group (SIPG). With Israel relying largely on the sea route for the import and export of goods, both the ports are poised for profitable growth, say experts.

The business of port operators is expected to be positively affected with the improving relations between Israel and its Gulf neighbours. The normalisation of ties is likely to create new trade opportunities, which in turn would lead to a spurt in the port activities.