BUSINESSJul 23 · 15:14 UTCMIDDLE EAST EYEAhmed Alqarout

How Israel's dream of being the Middle East's trade hub is unravelling

Gulf powers are developing trade corridors to bypass Israel, undermining its regional trade hub ambitions. Projects like the revived Hejaz railway and UAE-Syria-Iraq routes replace the stalled India-Middle East-Europe Economic Corridor (IMEC), which relied on Israel's Haifa port. Political tensions, physical threats, and Haifa's limited capacity have derailed IMEC, shifting trade routes to Gulf-led alternatives.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

IsraelplaceGulf powerstopicIndia-Middle East-Europe Economic Corridor (IMEC)organizationHejaz railwayorganizationSaudi ArabiaplaceUAEplaceHaifa PortplaceStrait of HormuzplaceDP Worldorganization

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 13 · 05:57 UTC
Turkish-Saudi trade corridor raises concerns in Israel, local media reports
WORLDJun 10 · 08:41 UTC
Turkey, Saudi Arabia agree on major regional railway line bypassing Israel
SECURITYJul 22 · 21:00 UTC
From Syria to UAE, the race to bypass Strait of Hormuz is on
SECURITYJul 22 · 20:45 UTC
From Syria to UAE, the race to bypass Strait of Hormuz is on
SECURITYApr 27 · 00:43 UTC
Hormuz crisis spurs $24B Iraq trade corridor as Gulf routes shift
SECURITYJul 14 · 22:13 UTC
Middle East allies rushing new pipelines, port to bypass Iran’s grip on Strait of Hormuz