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India-Middle East-Europe Economic Corridor (IMEC)

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India-Middle East-Europe Economic Corridor (IMEC


  • Recently Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the sidelines of the G20 summit in New Delhi.


  • The IMEC is being envisioned as a network of transport corridors, including railway lines and sea lanes, that is expected to aid economic growth through integration between Asia, the Arabian Gulf, and Europe.
  • A memorandum of understanding on the India-Middle East-Europe Economic Corridor, or IMEC, was signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the U.S. and other G20 partners.
  • The new project will consist of two corridors.
  • The east corridor will connect India with Gulf countries and the northern corridor will connect Arabian Gulf with Europe.
  • The corridors will consist of a ship-to-rail transit network to facilitate cost-effective transport routes for the countries.
  • It will enable goods and services to transit to, from, and between India, the UAE, Saudi Arabia, Jordan, Israel, and Europe.
  • The project is a part of the Partnership for Global Infrastructure Investment (PGII) — a West-led initiative for funding infrastructure projects across the world, seen as a counter to China’s Belt and Road Initiative (BRI).


  • The infrastructure plan was first announced in June 2021 during the G7 (or Group of Seven) summit in the UK.
  • The G7 countries include the United Kingdom, the United States, Canada, France, Germany, Italy, Japan, and the European Union (EU).
  • US President Joe Biden had called it the Build Back Better World (B3W) framework. However, it did not register much progress.
  • In 2022, during the G7 summit in Germany, the PGII was officially launched as a joint initiative to help fund infrastructure projects in developing countries through public and private investments.


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