+
Israel-Hamas conflict casts shadow on IMEEC Economic Corridor
ECONOMY & POLICY

Israel-Hamas conflict casts shadow on IMEEC Economic Corridor

The ongoing conflict between Israel and Hamas has raised concerns about potential disruptions and complications in the India Middle East Europe Economic Corridor (IMEEC) project, as indicated by the Global Trade Research Initiative (GTRI). While the immediate impact of the conflict is localised to Israel and Gaza, GTRI emphasises that its repercussions across the Middle East could be significant.

GTRI suggests that the conflict might hinder the possibility of a ground-breaking peace agreement between Israel and Saudi Arabia, a crucial element in the IMEEC framework. Despite the absence of formal diplomatic relations between Saudi Arabia and Israel historically, recent efforts have been made towards normalisation. However, Ajay Srivastava, Co-Founder of GTRI, expresses concerns that the on-going war could impede these diplomatic strides and disrupt any progress achieved.

"The current Israel-Hamas conflict could disrupt the IMEEC project's timelines and outcomes, representing a critical juncture in the corridor's development. While the immediate consequences of the conflict are regional, its geopolitical implications resonate far beyond the area, potentially affecting the proposed economic corridor," Srivastava remarked.

IMEEC, conceived as an economic corridor, aims to bolster economic growth by fostering connectivity and economic integration between Asia, the Persian Gulf, and Europe. The corridor's route is envisioned to stretch from India to Europe, passing through the UAE, Saudi Arabia, Jordan, Israel, and Greece.

The Memorandum of Understanding (MoU) for IMEEC was signed during the recent G20 summit in New Delhi, with the participation of governments from India, the US, the UAE, Saudi Arabia, France, Germany, Italy, and the European Union. The primary objective of the project is to enhance transportation and communication links between Europe and Asia, positioning it as a response to China's Belt and Road Initiative.

Srivastava further highlighted that the disruption in the Middle East, a pivotal section of this corridor, could lead to delays and complications in the project's implementation, underscoring the intricate challenges posed by the ongoing conflict.

The ongoing conflict between Israel and Hamas has raised concerns about potential disruptions and complications in the India Middle East Europe Economic Corridor (IMEEC) project, as indicated by the Global Trade Research Initiative (GTRI). While the immediate impact of the conflict is localised to Israel and Gaza, GTRI emphasises that its repercussions across the Middle East could be significant. GTRI suggests that the conflict might hinder the possibility of a ground-breaking peace agreement between Israel and Saudi Arabia, a crucial element in the IMEEC framework. Despite the absence of formal diplomatic relations between Saudi Arabia and Israel historically, recent efforts have been made towards normalisation. However, Ajay Srivastava, Co-Founder of GTRI, expresses concerns that the on-going war could impede these diplomatic strides and disrupt any progress achieved. The current Israel-Hamas conflict could disrupt the IMEEC project's timelines and outcomes, representing a critical juncture in the corridor's development. While the immediate consequences of the conflict are regional, its geopolitical implications resonate far beyond the area, potentially affecting the proposed economic corridor, Srivastava remarked. IMEEC, conceived as an economic corridor, aims to bolster economic growth by fostering connectivity and economic integration between Asia, the Persian Gulf, and Europe. The corridor's route is envisioned to stretch from India to Europe, passing through the UAE, Saudi Arabia, Jordan, Israel, and Greece. The Memorandum of Understanding (MoU) for IMEEC was signed during the recent G20 summit in New Delhi, with the participation of governments from India, the US, the UAE, Saudi Arabia, France, Germany, Italy, and the European Union. The primary objective of the project is to enhance transportation and communication links between Europe and Asia, positioning it as a response to China's Belt and Road Initiative. Srivastava further highlighted that the disruption in the Middle East, a pivotal section of this corridor, could lead to delays and complications in the project's implementation, underscoring the intricate challenges posed by the ongoing conflict.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code