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  1. 4 days ago · The IMEC agreement saw the governments of Saudi Arabia, the European Union, India, the United Arab Emirates (UAE), France, Germany, Italy, and the United States, although not geographically connected, coalesce to form an ambitious project to create new routes of enhanced connectivity and new corridors of economic integration between South Asia, the Middle East, and Europe.

  2. Jul 24, 2024 · Known as IMEC, this route passes through Saudi Arabia and Israel. While the war in Gaza has limited the project’s chances, the crisis in the Red Sea could actually push its development. Following IMEC’s announcement, Turkey expressed its displeasure over its exclusion and proposed a 740-mile-long transit route via Iraq.

  3. 2 days ago · The economic landscape of India and the United Arab Emirates (UAE) is poised for a significant transformation with the imminent launch of the India-UAE leg of the $20 billion transcontinental India-Middle East Europe Corridor (IMEC). This ambitious initiative, seen as a strategic counter to China's Belt and Road Initiative, aims to streamline ...

  4. Jul 30, 2024 · The IMEC will further facilitate India’s trade with these two markets, by safeguarding the country from the risk associated with the current route, which traverses the Red Sea. The corridor will make India a more attractive re-shoring hub, away from China, while reducing the transit time from India to Europe by roughly six days.

  5. Jul 18, 2024 · The IMEC corridor can be a game-changer for the EU, grappling with its fossil-fuel overdependence on Russia and ambitious plans to achieve Net Zero by 2050. Including a green hydrogen pipeline, a ...

  6. Jul 17, 2024 · The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting in New Delhi shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, and Europe.

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  8. Jul 26, 2024 · The corridor will provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement existing maritime routes. It intends to increase efficiency, reduce costs, secure regional supply chains, increase trade accessibility, enhance economic cooperation, generate jobs and lower greenhouse gas emissions , resulting in a transformative integration of Asia, Europe and the Middle East (West Asia).