JERUSALEM, 10 Sep: Hailing the announcement of the ambitious India-Middle East-Europe Economic Corridor (IMEC) as “major news” for Israelis, Prime Minister Benjamin Netanyahu has said that the “largest cooperation project in our history” will change the face of the Middle East, Israel, and will benefit the entire world.
The new economic corridor, which many see as an alternative to China’s controversial Belt and Road Initiative (BRI), was jointly announced on Saturday by the leaders of the US, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union on the sidelines of the G20 summit in New Delhi.
In a video message released late Saturday evening, Netanyahu said that Israel is at the focus of an unprecedented international project that will link infrastructure from Asia to Europe. “I welcome the statement that was released today by the United States, India, Saudi Arabia, the UAE and the European Union, as well as France, Italy and Germany,” Netanyahu said.
“Israel is at the focus of an unprecedented international project that will link infrastructure from Asia to Europe. This link will also realise a multi-year vision that will change the face of the Middle East, and Israel, and will affect the entire world,” he said.
“This vision starts in India, passes through the United Arab Emirates (UAE), Saudi Arabia, Jordan and Israel, before reaching Europe,” Netanyahu said.
The initiative is seen as a potential alternative to the BRI, an ambitious project launched by Chinese President Xi Jinping, which has also drawn criticism about its debt sustainability, especially from smaller countries.
Jinping unveiled the BRI in 2013 with an aim to link China, the global manufacturing giant, with southeast Asia, central Asia, the Gulf region, Africa and Europe with a network of land and sea routes.
The announcement of the IMEC comes amid discussions around the normalisation of ties between Israel and Saudi Arabia. The two countries do not have diplomatic relations but the Gulf kingdom has been seen to be recently softening its position towards Israel by allowing Israeli airlines to use its air space.
“They announced the launch of a pioneering initiative to develop an economic corridor from India, through the Middle East, to Europe. I am pleased to inform you, citizens of Israel, that our country, the state of Israel, will be a central junction in this economic corridor,” Netanyahu said.
“Our railways and ports will open a new gateway from India, through the Middle East, to Europe, and back – from Europe to India via Jordan, Saudi Arabia and the UAE,” the Israeli Prime Minister, battling a downturn in the economy in the face of his controversial judicial overhaul plans, said.
The initiative includes construction of railways, laying of a hydrogen pipeline, the energy of the future, laying of fibre optic communications cables, laying of electricity cables and more infrastructure, the Israeli Prime Minister noted.
“The state of Israel will contribute its capabilities, all of its experience, momentum and commitment, to realise the largest cooperation project in our history. All government ministries will be instructed to join in realising this dream,” he emphasised. (PTI)