AI Summary & Key Takeaways
AI InsightThis study compares the advantages and disadvantages of these two economic corridors by analyzing the strategic objectives underpinning their competition in the Middle East.
📌 3 Key Takeaways
Abstract
The Middle East has historically attracted the attention of powerful empires. Since the twentieth century, it has become a focal point for global powers seeking to assert their influence. Thanks to its abundant natural resources and strategic geographical position, the region has become a vital trade and cultural hub between Europe and Asia. However, in recent years, emerging powers such as China and India have increasingly regarded the Middle East as a strategic gateway to the Mediterranean and Europe. Under the framework of the India-Middle East-Europe Economic Corridor (IMEC) and with the support of the United States, Europe, and Israel, India aspires to establish a commercial route to Europe through the Middle East as part of its broader strategy to compete with China. On the other hand, the Development Road, which was initiated by Türkiye and Iraq, offers a potential alternative to the IMEC and may even undermine IMEC’s viability by shifting the regional balance of power. This study compares the advantages and disadvantages of these two economic corridors by analyzing the strategic objectives underpinning their competition in the Middle East.