Geopolitical Report ISSN 2785-2598 Volume 39 Issue 3
SpecialEurasia OSINT Team
The India-Middle East-Europe Economic Corridor (IMEEEC) emerges as a promising pathway for economic prosperity in Cyprus, bearing implications that transcend geographical boundaries. IMEEEC confirms that the island’s strategic significance lies in its geographical location in the Eastern Mediterranean Sea, serving as a crucial hub linking Europe, Asia, and Africa.
Different world leaders (regional and international key players) promoted this initiative to fortify economic ties across Asia, the Persian Gulf, and Europe, considering also that IMEEEC offers a different pathway compared to Beijing’s Belt and Road Initiative.
The IMEEEC economic corridor, covering approximately 4800 kilometres, aims to not only reduce transportation costs and accelerate trade, but also enhance global economic connectivity.
However, uncertainties surrounding project timelines, financing, and geopolitical challenges, notably the conflict in Gaza, cast shadows on the envisioned benefits.
This report aims to investigating how the IMEEEC might positively affect Cyprus’ economy and, simultaneously, assess which risks might threaten the positive outcome of the economic corridor.