Washington:
US President Joe Biden and his counterpart from the United Arab Emirates Sheikh Mohamed bin Zayed mentioned the progress of the landmark India-Middle East-Europe Economic Corridor (IMEC) and underscored its potential to usher in a “new period of worldwide connectivity”.
The formidable venture was launched on the 2023 G20 Leaders’ Summit in New Delhi, along with the leaders of India, Saudi Arabia, France, Germany, Italy, and the European Union. When full, it will join India by ship-to-rail connections by way of the United Arab Emirates, Saudi Arabia, Jordan, Israel, and Europe by way of Greece.
At the assembly held on the White House on Monday, Biden and Zayed reaffirmed that the hall will generate financial development, improve efficiencies, decrease greenhouse gasoline emissions, and allow the transformative integration of Asia, Europe, and the Middle East, based on a joint assertion.
The two leaders underscored that the transformative partnership had the potential to usher in a “new period of worldwide connectivity” to facilitate international commerce and clear vitality distribution, increase dependable entry to electrical energy, and strengthen telecommunication.
According to the assertion, they emphasised the significance of joint initiatives to advertise a round financial system and advance sustainable practices, underscoring their dedication to innovation for useful resource effectivity and environmentally accountable development.
Earlier, welcoming Zayed to the White House, Biden stated UAE is a nation of trailblazers which at all times trying to the long run and making massive bets. “That’s one thing our international locations have in widespread, and our folks have in widespread. In reality, it is a cornerstone of our rising cooperation in AI, in clear vitality, in house, and investing in infrastructure to attach areas,” he stated.
Biden additionally introduced plans to make UAE a significant defence associate of the United States, which is the one different nation after India to get this standing.
(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)