Israel PM backs India-Europe project

Jerusalem: Hailing the announcement of the ambitious India-Middle East-Europe Economic Corridor (IMEC) as major news for Israelis, Prime Minister Benjamin Netanyahu said the ‘largest co-operation 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, 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.