Memorandum of Understanding on the Principles of an India-Middle East-Europe Economic Corridor: https://www.whitehouse.gov/briefing-room/statements-releases/2023/09/09/memorandum-of-understanding-on-the-principles-of-an-india-middle-east-europe-economic-corridor/
Who's funding it? The EU is in crisis, the US never funds infrastructure properly, and Saudi Arabia/India are more interested in coupling with each other via BRICS+ than with anyone else.
Can't wait for the West to fund a Saudi-India trade terminal and then run out of money.
Perhaps the bet is on India clashing with China over various bs and wanting to have its own trade corridor?
How does that even help India? India is only in this project from a single shipping link - not exactly tightly coupled to this trade corridor.
Plus, the logistics of loading/unloading mean that trade is going to flow through the Suez anyway.
it's not done to help india; it's done to force india closer into the american & european sphere of influence so that india will be less able to ignore the usa or western europe demands; like the russian sanctions; and it also guarantees that both russia and china will stay as weak as possible by cutting them out of future business plans.
this whole thing is very cynically smart; i didn't know any better i would a have guess a lawyer came up with it.