Explanation: At the G20 Summit, the US joined by the leaders of India, Saudi Arabia, UAE, France, Germany, Italy, and the European Commission, unveiled the multi-modal India-Middle East-Europe Corridor (IMEC).

• IMEC includes rail, ship-to-rail, and road routes across two corridors: East corridor links India to Arabian Gulf; northern connects Gulf to Europe.
• Its aim is to provide a reliable and cost-effective transit network from, and between India, the UAE, Saudi Arabia, Jordan, Israel, and Europe.
• The Participants will also lay cable for electricity, digital connectivity and pipes for clean hydrogen export.

Source: FORUMIAS