G20 Summit: How India, Saudi Arabia and UAE anticipate a major infrastructure deal?

There is a strong chance for President Biden and the leaders of India, Saudi Arabia and the United Arab Emirates to announce a major infrastructure deal tomorrow. After being put in place, this deal will connect Gulf and Arab countries via a network of railways, and will connect to India through shipping lanes from ports in the region. This will be a landmark joint venture in the wake of China’s influence in the region, as the Middle East is a key part of China Belt and Road vision. This joint venture will be a key component for the Biden administration as it looks to complete its diplomatic push for a mega-deal with Saudi Arabia.
However, the White House is hanging on to its previous statement on Biden’s participation in the G20 summit, and has only divulged that POTUS will participate on Saturday in a “Partnership for Global Infrastructure and Investment event.”
The project is expected to connect Arab countries in the Levant and the Gulf via a network of railways that will also connect to India through seaports in the Gulf, the sources said.
An announcement of the project will likely increase the chances of a possible brief bilateral meeting between Biden and Saudi Crown Prince Mohammed bin Salman on the sidelines of the G20.
The idea for the new initiative came up during talks that were held over the last 18 months in another forum called I2U2, which includes the U.S., Israel the UAE and India, according to the two sources.
Information sourced from: https://www.axios.com
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