Saudi Arabia and the United States on Friday signed a bilateral memorandum of understanding (MoU) for establishing intercontinental green transit corridors through the Kingdom to connect the continent of Asia with the continent of Europe.
In a historic development, the New Delhi Declaration was adopted on Saturday by the leaders of the G20 leaders during the Leader’s Summit here in the national capital.
Prime Minister Narendra Modi on Saturday said the India-Middle East-Europe Economic Corridor promises to be a beacon of cooperation, innovation and shared progress.
The corridor will encourage and provide impetus to economic development through enhanced connectivity and economic integration between Asia, West Asia, the Middle East and Europe, as per sources.
"Prime Minister appreciated Italy’s support for India’s G20 Presidency and Italy’s joining of the Global Biofuel Alliance and the India - Middle East - Europe Economic Corridor," an official statement issued by the Prime Minister Office (PMO) said.
European Council President Charles Michel said on Saturday that climate change and the fight against poverty are two challenges that need to be addressed together, and for this, “you can count on the European Union.”
European Commission President Ursula von der Leyen on Saturday called the new economic corridor "historic" and said that these are state-of-the-art connections for the world of tomorrow, faster, shorter and cleaner.
Terming the announcement of a mega India-Middle East-Europe shipping and railway connectivity corridor as " a real big deal" US President Joe Biden expressed that in the next decade, the partner countries will address infrastructure gaps across low-middle-income countries to maximize inve
This is a historic and first-of-its-kind initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany and the US.
Head coach Gareth Southgate defended experienced midfielder Jordan Henderson as England's LGBTQ+ supporters expressed their discontent over his selection.
European Commission President Ursula von der Leyen has said the EU will invest at least four billion euros in renewable energy and hydrogen in developing economies through its Global Gateway plan in the next five years.