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.
