US, EU Agree on Mideast-India Rail and Shipping Corridor at G-20
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(Worthy News) – The US has been quietly holding talks since January on the project with India, Saudi Arabia, the United Arab Emirates and Israel. The plan is to link Middle Eastern countries by rail and to India through shipping lanes from ports in the region, extending on to eastern Europe.
“This is a game-changing regional investment,” US President Joe Biden said at an event announcing the plans. He thanked Saudi Crown Prince Mohammed bin Salman and India’s Prime Minister Narendra Modi, who sat between them.
The India-Middle East-Europe Economic Corridor will integrate railway lines and port connections from India to Europe, across UAE, Saudi Arabia, Jordan and Israel, leading to faster transit of goods. [ Source: Bloomberg (Read More…) ]
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