Opinion

Saudi Arabia Invited to Join BRICS: A Recognition of Saudi Arabia’s Economic and Political Clout

 

By: Al-Jawhara Bint Turki Al-Otaishan

 

Saudi Arabia has been invited to join the BRICS group of developing nations, South African President Cyril Ramaphosa announced on Saturday. The invitation comes as part of the BRICS annual summit, which was held in Johannesburg this year.

 

The decision to invite Saudi Arabia to join BRICS is seen as a recognition of Saudi Arabia’s growing economic and political clout, under the wise leadership of the Custodian of the Two Holy Mosques King Salman and HRH Crown Prince Mohammed bin Salman.

 

The other countries invited to join BRICS are Iran, Egypt, Ethiopia, the United Arab Emirates, and Argentina. All six countries have expressed interest in joining the bloc.

 

BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The group was founded in 2006 to promote economic cooperation and development among its members.

 

Saudi Arabia’s membership in BRICS would be a significant development. The kingdom is a major oil producer and has a large economy. Its membership would give BRICS a greater presence in the Middle East and North Africa region.

 

The BRICS countries have a combined GDP of over $20 trillion. They are also home to over 4 billion people. Their membership in BRICS would give them a greater voice in global economic and political affairs.

 

 

The BRICS countries are expected to discuss a number of issues during their summit, including the global economy, trade, and climate change. They are also expected to issue a joint statement on their priorities for the future.

 

 

The benefits of Saudi Arabia’s membership in BRICS are manifold.

 

Economic benefits: Saudi Arabia’s membership in BRICS would give the kingdom access to a larger market and increased investment opportunities. The bloc’s combined GDP is over $20 trillion, and its members are home to over 4 billion people.

Political benefits: Saudi Arabia’s membership in BRICS would give the kingdom a greater voice in global economic and political affairs. The bloc is a major player on the world stage, and its members are often consulted on important issues.

Security benefits: Saudi Arabia’s membership in BRICS would help to improve the kingdom’s security. The bloc has a strong security cooperation mechanism, and its members are committed to fighting terrorism and other threats to regional security.

Development benefits: Saudi Arabia’s membership in BRICS would help to promote the kingdom’s development. The bloc has a number of programs and initiatives aimed at promoting economic growth and social development.

Overall, Saudi Arabia’s membership in BRICS would be a positive development for the kingdom and for the bloc as a whole. It would bring economic, political, security, and development benefits to all involved.

 

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