of the world's top economies. The project is part of an initiative called the Partnership for Global Infrastructure Investment.
Von der Leyen was expected to describe the project as “nothing less than historic" and as an “India - Middle East - Europe economic corridor” that will make trade between India and Europe 40% faster, according to a draft of her prepared remarks. Speaking of the African project, Biden called it a “game changing regional investment” and said “both of these are huge, huge steps forward.”
Sullivan said the project started coming together after Biden visited Jeddah, Saudi Arabia, in July 2022, where he emphasized a need for greater regional economic integration. “The participants in this effort are focused on practical outcomes that deliver for their people,” Sullivan said. “And a corridor of this kind by dint of geography works best having Israel in as opposed to out and the countries participating prioritized that.”
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