New Delhi, Feb. 1 -- Indian conglomerate Adani Group has acquired the strategic Israeli port of Haifa for USD 1.2 billion.

The conglomerate's chief Gautam Adani also met Israel President Benjamin Netanyahu during the event.

He tweeted: " Privileged to meet with@IsraeliPM@netanyahuon this momentous day as the Port of Haifa is handed over to the Adani Group. The Abraham Accord will be a game changer for the Mediterranean sea logistics. Adani Gadot set to transform Haifa Port into a landmark for all to admire."

Interestingly, the Port of Haifa is the second largest port in Israel in terms of shipping containers.

It is also the biggest in shipping tourist cruise ships .

Meanwhile, Israeli Ambassador to India Naor Gilon reacted to the dev...