| | OCTOBER 20234The 2023 G20 New Delhi summit has taken the India-Middle East bilateral relationship to a whole new level with the announcement of the `India-Middle East-Europe Economic Corridor. India, the US, the UAE, Saudi Arabia, and the European Union (EU) signed this ambitious plan to reshape the trade route between the Gulf, Europe, and South Asia by connecting them by rail and sea.The plan is to establish a shipping route between India and Saudi Arabia, followed by a rail link to the UAE and likely to Jordan. The shipment will move via sea and rail to Turkey. The proposed corridor will consist of two separate corridors -- the Eastern Corridor, which will connect India to West Asia/Middle East, and the Northern Corridor, which will connect West Asia/Middle East to Europe. Upon completion, it will include a rail line that will provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement the existing multi-modal transport routes while also enhancing the transshipment of goods and services between South East Asia through India to West Asia/Middle East Europe. Undoubtedly, these direct trade routes will provide business ecosystems in India and the UAE with a whole new world of opportunities.The GCC countries looking forward to becoming the sports hosts of the world & attracting travelers from around the globe is a deliberate attempt toward realizing this new vision. In the aftermath of the region's economy opening up, the Arabian Peninsula is becoming a popular investment location for both regional and worldwide investors. Today, when diversification of the economy is a massive aspect of the Arabian dream, this new trade channel will help this vision significantly. Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialDawn of a New Economic Era Vol 04 · Issue 4-5 · OCTOBER, 2023 Publisher Alok Chaturvedi Manager - DesignPrabhu Dutta A.R.N Ray Noida Rohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Designers Tushar Das Antony ArnoldVP - Sales & Marketing Rohit RaghubanshiCirculation Manager Magendran Perumal Editorial Team P. Tejaswini Nalini Brahmanapalli Roshan Akthar Managing Editor Sujith Vasudevan Assitant Editor Hima P M
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