Former ambassador becomes chairman of Adani’s port company in Israel, know who is Ron Malka

Former Israeli ambassador to India Ron Malka on Sunday said that he has taken over as the executive chairman of Haifa Port Company (HPC), a consortium owned by Adani Ports and Special Economic Zone Ltd (APSEZ) and Israel’s Gadot Group. Have it. “I am honored and privileged to take over today as Executive Chairman of Haifa Port Company on behalf of Adani Ports,” he tweeted. The experience of Adani and Gadot, combined with the dedication of the Port’s staff, will propel the Port of Haifa to new heights of prosperity.

The Adani Group did not respond to queries regarding the appointment. In July 2022, a consortium of India’s Adani Ports and Special Economic Zone Limited (APSEZ) and Israel’s Gadot Group won the tender to privatize Haifa, Israel’s second largest port handling more than half of Israel’s container cargo. Through the winning bid of $1.18 billion, the Adani-Gadot consortium has secured the right to buy 100 percent of HPC’s shares. The APSEZ-Gadot Group consortium completed the acquisition of HPC from the Government of Israel on January 10, 2023. APSEZ holds a 70 percent stake in the project, while Gadot holds the remaining 30 percent. The concession period of Haifa port is till 2054.

Haifa, located in northern Israel, is one of Israel’s two largest commercial ports, handling about half of Israel’s container cargo, and is also a major port for passenger traffic and cruise ships. The existing infrastructure at Haifa Port consists of two container terminals and two multi-cargo terminals.