Original Source
Israel's Haifa Port Operations Transferred to China's SIPG
Haifa Port Operations Handed Over to Chinese Company
The operating rights for a new container terminal at Haifa Port, a major port in northern Israel, were officially transferred to the Chinese state-owned enterprise, Shanghai International Port Group (SIPG), on the 1st (local time). With this transfer, SIPG will operate the new Haifa terminal for the next 25 years. Haifa Port is the second-largest port in Israel and a key logistics hub on the Mediterranean coast.
Background and Significance of Port Operation Transfer
For decades, Israel has sought to transfer port operating rights to private companies to enhance operational efficiency and competitiveness. SIPG's acquisition of Haifa Port's operating rights is part of Israel's port modernization plan, aiming to improve port logistics processing capacity in the long term. As one of the world's largest port operators, SIPG is expected to strengthen its presence in the Middle East region through this agreement.
*Source: YouTube: CGTN (2026-04-07)*
