Iran’s missile has hit an Indian cargo facility worth $4.2 billion in Israel’s Haifa port owned by Adani after Iran launched a wave of missile strikes on Israel over the weekend, with the strategic port city of Haifa.
Air raid sirens blared across the country late Saturday, 14 June and into early Sunday, 15 June, as Israel’s defence systems scrambled to intercept the incoming missiles.
Haifa, a vital hub with military installations, oil refineries, and chemical plants crucial to Israel’s infrastructure, was a primary target in Iran’s multi-phase attack.
Several rockets also struck Tamra, a town just east of Haifa, reportedly killing four people, including a Palestinian mother and her two daughters, and injuring dozens more.
Iran’s Missile hit Adani-owned Port
The second night of attacks saw Iran intensify its focus on northern Israel, particularly around Haifa Bay.
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In response to the regional instability, Syria, Jordan, and Iraq promptly closed their airspace.
This marks the first time Iran has directly fired such a large-scale barrage of ballistic missiles at Israel, launching multiple coordinated strikes between Friday night and early Sunday.
According to reports, over 80 people were injured and at least ten were killed during the onslaught.
Hanifa Port Sold
The sale of Israel’s Haifa Port was officially completed in January 2023 for NIS 4.1 billion (approximately USD 1.15 billion), marking a step in strengthening Israel’s status as a key economic force in the region.
The port was acquired by a consortium led by India’s Adani Group, according to an announcement from Israel’s Ministry of Finance.
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Previously operated by the state-owned Haifa Port Company, the port was put up for sale in July 2021.
The winning bid came from the partnership between Adani Ports and the Gadot Group, which is backed by Tene Capital.
Adani Ports and Special Economic Zone Limited, one of the primary stakeholders in the new ownership, is controlled by Indian billionaire Gautam Adani.
Adani, the company’s founder, currently ranks as the world’s third-richest person, with an estimated net worth of around USD 125 billion, according to Forbes.
Legal counsel for the Adani-Gadot consortium was provided by Goldfarb Seligman. The acquisition was managed by partner Rayek Khoury and associate Talya Leader from the firm’s infrastructure division.
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*$4.2 Billion