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Israel, which has made it a priority to normalize ties with Saudi Arabia, also hailed the project, saying it “changes our global and historical situation” and advances the vision of “joining Israel to the world.” “The world stands at an inflection point in history,” Biden said, adding that investment in the plan today is more critical than ever. Seated between Indian Prime Minister Narendra Modi and MBZ, Biden said the agreement announced at the summit was “a big deal.” The route will also enable electricity and digital connectivity, as well as pipes for clean hydrogen export. Goods and services would transit through the UAE, Saudi Arabia, Jordan, Israel and Europe. “I don’t think we would be here without you.” “Thank you, thank you, thank you,” Biden told UAE President Mohammed Bin Zayed (MBZ). Xi's expected G20 no-show may be part of a plan to reshape global governance (Photo by Li Tao/Xinhua via Getty Images) Li Tao/Xinhua/Getty Images

The CPC Central Committee and the State Council held the reception Friday in Beijing. The ambitious plan shows that the US can count on its Middle East allies in its efforts to contain China’s rise, but also how the Gulf states try to find a balance between traditional allies like the US and emerging partners like China in what they see as a world order that is no longer unipolar.Īt the same time, they are positioning themselves as essential economic and political partners to the world’s most powerful states.Ĭhinese President Xi Jinping, also general secretary of the Communist Party of China CPC Central Committee and chairman of the Central Military Commission, delivers a speech at a Spring Festival reception at the Great Hall of the People in Beijing, capital of China, Jan. It is comprised of two separate routes – an east corridor linking India to the Gulf Arab states and a northern corridor connecting the Gulf states to Europe. Some analysts are saying it will be a direct challenge to China’s Belt and Road Initiative, a multi-trillion-dollar infrastructure project launched a decade ago by Beijing with the aim of connecting China to the rest of the world.Īnnounced at the Group of 20 (G20) summit in India, Biden’s plan also includes the European Union, France, Italy and Germany. The White House said the project would usher in a “ new era of connectivity.” US President Joe Biden, along with leaders of India, Saudi Arabia and the United Arab Emirates, announced on Saturday the launch of a new trade route connecting India to the Middle East and Europe through railways and ports.