Saudi EXIM and India EXIM Sign MoU at the G20 Summit in New Delhi

Saudi EXIM and India EXIM Sign MoU at the G20 Summit in New Delhi

Eastern, Northern 'Green Corridors' to Connect India with Gulf, Europe

First day of G20 summit meeting in New Delhi (API)

Economists said the Green Corridors project will link India, the Middle East, and Europe, boost economic relations, increase efficiency, ease trade exchange, and develop supply chains and logistics.

It will also contribute to revitalizing and developing new economic activities along the corridor.

On Saturday, Saudi Crown Prince Mohammed bin Salman announced a memorandum of understanding to establish intercontinental "green corridors" linking India, the Middle East, and Europe.

Economic advisor and head of the Joatha Consulting Center, Ihsan Buhulaiga, said the economic corridor represents a global partnership with multiple pillars for communication linking India, the Middle East, and Europe.

Buhulaiga explained to Asharq Al-Awsat that the project consists of two economic corridors: an eastern one connecting India with the Arabian Gulf region and a northern one linking the Arabian Gulf region with Europe.

The project will connect the three regions through advanced communication infrastructure, strengthening the economic relationship and enabling access to goods, energy, and data for individuals and companies.

The expert pointed out that the project includes integrating several railway lines and ports, starting from India and passing through Saudi Arabia, the Arabian Gulf, and Europe, which leads