Netanyahu lauds India-Middle East-Europe Economic Corridor

Israeli Prime Minister Benjamin Netanyahu has enthusiastically welcomed the announcement of the India-Middle East-Europe Economic Corridor (IMEC), describing it as the largest cooperation project in our history that will have a transformative impact on the Middle East, Israel, and the world. This ambitious economic corridor, seen by many as an alternative to China's Belt and Road Initiative, was jointly announced on September 9 during the G20 summit in New Delhi by leaders from the U.S., India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy, and the European Union.In a video message, Prime Minister Netanyahu emphasised that Israel is at the heart of this groundbreaking international project, which will connect infrastructure from Asia to Europe. He expressed gratitude to the United States, particularly President Joe Biden and his administration, for their efforts in making this historic initiative a reality. Netanyahu outlined that Israel will play a central role in the corridor, with its railways and ports serving as a key gateway connecting India, the Middle East, and Europe.The project aims to develop railways, hydrogen pipelines, fibre optic communications cables, electricity cables, and other essential infrastructure components. Netanyahu underscored Israel's commitment to contributing its capabilities and experience to this monumental cooperation project, which will involve coordination between government ministries and cooperation with the U.S. and other nations. He stressed that the IMEC would usher in a new era of global and regional cooperation and involvement.While the announcement of the IMEC is significant, it comes at a time when Israel is facing challenges, including widespread protests, potential mass emigration, resignations in critical positions, and economic concerns. Netanyahu has sought to highlight the positive impact of this project on Israel's future during his recent trip to Greece and Cyprus, aiming to boost morale and reassure the public.