Thanks to the high-speed railway line and the strait crossing without transshipment in TR, goods from Asia can be transported to Europe without interruption and without changing vehicles. England, France, Belgium, Germany, Austria, Hungary, Hungary, Serbia, Bulgaria, Turkiye, Georgia, Azerbaijan, Kazakhstan, Turkmenistan and China are connected by rail. Capacity increasing as the missing stages are completed. Also: Iran and Pakistan will soon form the southern wing of this line.
On the other hand, the lets say rival project of the India-US strategy, which materialised years before this, is the connection to the Anatolian-European system via a dry canal, energy and railway line start with the port of Basra by entering by Gulf. Most parts of this project have been completed and there are only infrastructure works inside Iraq.
On the other side, Egypt has made extraordinary investments in the Suez Canal. Some of these investments were made during the diplomatic/interests frictions between the UAE and the KSA. Egypt has traditionally been the safest and most stable route as a country sitting on the Suez Canal. Anyone who thinks that they intend to lose this position is living in a dream world.
In the US-Indian plan, the goods are loaded twice on the ships. Moreover, the route is not from Jeddah, but the land route is started from the UAE with new rail line. By the way, I don't know if it is necessary to mention that the largest port in Israel is operated by a Chinese partnership. The ideal of shortening the Suez route in terms of time is unrealistic and impossible in terms of cost. Ships waiting for entry into the canal take no longer than the unloading in the Gulf, transport to Haifa by rail/highway and reloading at Haifa port.