Sun, Dec 22, 2024 | Jumada al-Aakhirah 21, 1446 | DXB ktweather icon0°C

US, Saudi Arabia, India discuss possible rail, port deal

US President Biden is on his way to the G20 conference in New Delhi, where he will meet the Indian PM and may also speak with the Saudi Crown Prince

Published: Fri 8 Sep 2023, 8:20 AM

  • By
  • Reuters

Top Stories

Photo: AFP

Photo: AFP

The US, 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 US officials aware of the conversations.

The talks, which have also included the United Arab Emirates and Europe, may or may not yield a concrete result in time for an announcement on the sidelines of this week's Group of 20 (G20) leaders meeting, the people said.

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

US President Joe Biden is on his way to the G20 conference in New Delhi, India, where he is set to meet Indian Prime Minister Narendra Modi and may also have 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. Biden is pitching Washington as a partner for 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. The negotiations over a multi-country infrastructure deal were first reported by Axios.

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.

ALSO READ:



Next Story