Disclaimer:

Some parts of this website are currently undergoing development, but exciting updates are on the way. Stay tuned for an exhilarating experience that will keep you captivated! Fair winds and following seas, The DST.news Team.
1 2 3 16
Home > All news > Port, Railways > US, Saudi Arabia, India discuss possible Rail, Port deal - Sources

US, Saudi Arabia, India discuss possible Rail, Port deal - Sources

September 9, 2023
Reading Time: < 1 minute

Washington - The U.S., Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railways and connecting to India by port, according to U.S. officials aware of the conversations.

The conversations have been underway for months but are fluid, one of the people said.

U.S. President Joe Biden met Indian Prime Minister Narendra Modi and also had talks with Saudi Crown Prince Mohammed bin Salman.

The plans for a sweeping, multi-national ports and rail deal would come at a critical time. To counter China’s Belt and Road global infrastructure push, Biden pitched Washington as an alternative partner and investor in developing countries at the G20, especially in the Indo-Pacific region.

It also comes as the Biden administration seeks a broader diplomatic deal in the Middle East that would have Saudi Arabia recognize Israel. 

Beyond the diplomatic implications, officials said they hope such an infrastructure deal could reduce shipping times, cost, the use of diesel and make trade faster and cheaper.

Saudi Arabia will also participate in an investment forum.

FOLLOW US ON SOCIAL MEDIA
Today's News
Follow us
facebook | DST NewsTwitter | DST NEWSlinkedin | DST NEWSInstagram | DST NEWSYouTube | DST NEWS
© DAILY SHIPPING TIMES
Back
Home
crosschevron-down

You cannot copy content of this page

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram