Prime Minister Narendra Modi on September 9 announced the launch of the India-Middle East-Europe mega economic corridor during G20 summit. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the
According to Saudi Arabia's Investment Minister Khalid bin Abdulaziz Al-Falih, the India-Middle East-Europe economic corridor will be more significant than the world's silk and spice trade routes.
"The commercial corridor will go down in history. People often discuss the Spice Route from India through the Arabian Peninsula and the Silk Route, but this will be more significant and pertinent. Because it will involve new sources of energy, data, communication, human resources, and aviation routes, as well as bringing together nations with similar goals and ideologies, Al-Falih continued. He was addressing media in New Delhi on the sidelines of the Saudi-India Investment Forum.