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Which company has acquired the strategic Israeli port of Haifa for USD 1.2 billion on 31st Jan 2023?
A)
Tata Group
B)
Adani Group
C)
Jaypee Group
D)
Reliance Group

Correct Answer :   Adani Group


Adani Group on Tuesday (31st Jan 2023) acquired the strategic Israeli port of Haifa for USD 1.2 billion and vowed to transform the skyline of this Mediterranean city as part of its decision to invest more in the Jewish nation, including opening an artificial intelligence lab in Tel Aviv.

* Adani Group chairman Gautam Adani, whose business empire was rocked by allegations of fraud by US short seller Hindenburg Research, appeared alongside Israeli Prime Minister "Benjamin Netanyahu" for signing of the deal to takeover Haifa Port, and spoke of investment opportunities.

* Prime Minister Netanyahu described the Haifa port deal with the Adani Group as an “enormous milestone”, saying it will significantly improve connectivity between the two countries in many ways.

* The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships.

* “This is an unequivocal expression of confidence in the Israeli economy,” he said, adding that privatisation of the ports and the entry of new investors strengthen Israel’s economic strength, lowers the cost of living and creates new opportunities for import and export and strengthens ties between India and Israel.

* The Adani group will also develop real estate at the port to transform the Haifa skyline...

Source : The Print

Published On : February 1, 2023
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