• Sun. Mar 3rd, 2024

French President Appoints Former CEO of Engie as Emissary for India-Middle East-Europe Economic Corridor: Boosting Global Trade and Promoting Sustainability

ByEditor

Feb 13, 2024
Ex-Engie CEO selected as France’s representative for European-Asian logistics project.

Gérard Mestrallet, the former CEO of Engie and ex-president of Suez, has been appointed by French President Emmanuel Macron as emissary for the logistics integration corridor project known as the India-Middle East-Europe Economic Corridor (Imec). The project aims to stimulate commercial relations between India, the Middle East, and Europe and serves as an alternative to China’s “Silk Roads.” An agreement in principle has already been signed by several countries and the European Union, with the logistics corridor project expected to offer economic growth and a low-carbon transition.

The Imec project will take the form of a rail link and is expected to accelerate trade between India and Europe by 40%. The project includes the construction of an electric cable, a clean hydrogen pipeline, and a high-speed data cable. French President Macron hopes to position Marseille as the European “bridgehead” of the project, emphasizing France’s expertise in transportation and energy.

As the first emissary designated among participating countries, Mestrallet is tasked with identifying ports, railway infrastructure to assess existing flows and forecast future ones. In particular, he will focus on Marseille port’s potential role in receiving hydrogen. The mission also includes positioning France as the main entry/exit point in Europe for future corridor’s activities with a focus on diversifying supply sources and strengthening economic security. French companies are very interested in this project; therefore, Mestrallet will support them in positioning themselves for tenders calls.

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