French President Emmanuel Macron has appointed Gérard Mestrallet, former CEO of Engie and ex-president of Suez, as emissary for the logistics integration corridor project between Europe and Asia. The project, known as the India-Middle East-Europe Economic Corridor (Imec), aims to stimulate commercial relations between India, the Middle East, and Europe. An agreement in principle has already been signed by several countries and the European Union.
The Imec project will take the form of a rail link and is expected to accelerate trade between India and Europe by 40%. Additionally, it includes the construction of an electric cable, a clean hydrogen pipeline, and a high-speed data cable. France President Emmanuel Macron hopes to position Marseille as the European “bridgehead” of the project, emphasizing the expertise of French companies in transportation and energy.
As the first emissary designated among the participating countries, Gérard Mestrallet’s mission is to identify ports, railway, and energy infrastructures to assess existing and forecast future flows. The port of Marseille may play a significant role in the project especially in terms of receiving hydrogen. The emissary will also support French companies in positioning themselves for the project’s calls for tenders while diversifying sources of supply and strengthening economic, energy, and health security.
French companies are very interested in this logistics integration corridor project as it offers economic growth opportunities while promoting low carbon transition.