On the sidelines of the ongoing G20 Summit in New Delhi, the United States, India, Saudi Arabia, the United Arab Emirates (UAE), the European Union, and other G20 partners are poised to announce a far-reaching shipping and rail transportation corridor, stated a report in news agency ANI. This corridor will interconnect countries spanning the Middle East, South Asia, and Europe, with the primary aim of facilitating the seamless flow of commerce, energy, and data from India across the Middle East to Europe.

According to the ANI report, White House Deputy National Security Advisor Jon Finer said an eagerly awaited memorandum of understanding (MoU) about this transformative initiative is set to be unveiled during a dedicated meeting focusing on global infrastructure within the G20 Summit. Leaders attending this summit will deliberate on a range of pressing global issues, including the state of the global economy and challenges within the global supply chain.