What's New :
13th February 2025 (13 Topics)

India-Middle East-Europe Corridor (IMEEC)

Context

Prime Minister Narendra Modi and French President Emmanuel Macron agreed the two countries should work more closely on building the India-Middle East-Europe Corridor (IMEEC).

About

  • The IMEEC is a multilateral initiative to revive ancient trade routes and forge new economic ties between regions that have historically been interconnected through commerce, culture and collaborative diplomacy.
  • It aims to integrate India, Europe, and the Middle-East through UAE, Saudi Arabia, Jordan, Israel and the European Union.
  • The corridor will connect western India, the UAE’s Ras Al KhaimahSaudi ArabiaJordanIsrael, and then continue to Europe across the Mediterranean Sea.
  • The IMEEC will have two separate corridors –
    • East Corridor connecting India to the Gulf
    • Northern Corridor connecting the Gulf to Europe
  • Ports in the India-Middle East-Europe Economic Corridor (IMEC)
    • India: Mundra Port (Gujarat), Kandla Port (Gujarat), Jawaharlal Nehru Port Trust (Navi Mumbai)
    • Middle East: Fujairah Port (UAE), Jebel Ali Port (UAE), Abu Dhabi Port (UAE), Dammam Port (Saudi Arabia), Ras Al Khair Port (Saudi Arabia)
    • Railway Line: The railway will link Fujairah Port (UAE) to Haifa Port (Israel), passing through Saudi Arabia (via Ghuwaifat and Haradh) and Jordan.
    • Israel: Haifa Port (Israel)
    • Europe: Piraeus Port (Greece), Messina Port (Southern Italy), Marseille Port (France)
  • The corridor intends to enhance connectivity, increase efficiency, reduce costs, secure regional supply chains, increase trade accessibility, generate jobs and lower greenhouse gas emissions, resulting in a transformative integration of Asia, Europe and Middle East.
  • The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII).
    • It is a collaborative effort by G7 nations to fund infrastructure projects in developing nations.
    • PGII is considered to be the bloc’s counter to China’s Belt and Road Initiative.

X

Verifying, please be patient.

Enquire Now