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Adani Group Ensures Safety of Port of Haifa Employees Amidst Regional Concerns

Adani Group Ensures Safety of Port of Haifa Employees Amidst Regional Concerns
A general view shows Haifa Port, which is to be sold to India's Adani Ports and local partner Gadot in Haifa, Israel July 24, 2022. REUTERS/Ilan Rosenberg

Adani Port and Special Economic Zone (APSEZ), under the leadership of Gautam Adani, has taken proactive steps to guarantee the safety of its employees at the Port of Haifa in Israel. Despite the ongoing situation in south Israel, Haifa port, located in the north, remains secure. The company is closely monitoring developments and is fully prepared for any potential challenges.

Haifa port holds significant importance as a trade and tourism hub in the Mediterranean, handling 99% of Israel’s maritime goods. Although it’s the second-largest port in Israel for shipping containers and the largest for tourist cruise ships, its contribution to APSEZ’s overall cargo volume is relatively small, constituting only 3%.

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In the fiscal year 2024, Haifa port is expected to handle cargo volumes ranging from 10 to 12 million metric tonnes, while APSEZ aims to handle 370-390 million metric tonnes. During the initial six months of 2023, APSEZ managed a total cargo volume of 203 million metric tonnes, with Haifa’s share amounting to 6 million metric tonnes.

Despite the challenges, APSEZ remains confident in its business performance. Adani Group operates Haifa Port in collaboration with local chemicals and logistics group Gadot. The acquisition, completed for 4 billion shekels ($1.03 billion) in January, followed their successful bid in an Israeli government tender in July the previous year.

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Additionally, Gautam Adani has expressed intentions of further investments in Israel, including real estate development at the port, aiming to transform the Haifa skyline. The company remains committed to the safety of its employees and the efficient operation of Haifa port amidst regional concerns.

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