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India-Middle East-Europe Corridor shows global shifts: UAE minister

'We are in the business of redesigning supply chains,' economy chief Al Marri says

Jebel Ali Port in Dubai, United Arab Emirates: The UAE would be part of an envisioned transport corridor stretching from India to Europe.   © Reuters

HONG KONG -- A proposed transnational rail and shipping route that passes through India, the Middle East and Europe -- widely seen as a counterweight to China's Belt and Road Initiative -- reflects an evolving world, the United Arab Emirates' economy minister told Nikkei Asia in an interview.

The multimodal transport project, which is to span nearly 5,000 kilometers, was revealed late last week as world leaders gathered in New Delhi for the Group of 20 summit. Backed by the U.S., the plan includes the UAE as well as Saudi Arabia, India and the European Union.

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