Prospects for the IMEC Against the Backdrop of Security Threats in the Middle East and the Existence of the Competing BRI Initiative

Abstract

The appearance of “India - Middle East - Europe Economic Corridor” (IMEC) is not accidental. On the one hand, this is the desire of the United States of America in the new context of the existence and development of a multipolar world, to create a basis for maintaining its influence in the Middle East, on the other hand – to create a system under its auspices that can withstand the growing power of China and its “One Belt One Road” (BRI). The purpose of this transport trade and economic corridor is to stimulate economic integration between Asia, the Persian Gulf and Europe. The planned corridor will connect India, the Kingdom of Saudi Arabia, the United Arab Emirates, the Hashemite Kingdom of Jordan, the State of Israel and the European Union through seaports and rail routes to make trade faster and cheaper, and develop economic cooperation and digital connectivity in the region. Despite the potential for significant economic and strategic benefits, the project faces a number of challenges and risks. Among them are interstate tensions, geopolitical rivalries and security threats, among others, especially the beginning of a new conflict in the Middle East.