Emerging economies eye a multipolar world order at BRICS Summit in Johannesburg

Emerging economies eye a multipolar world order at BRICS Summit in Johannesburg

JOHANNESBURG, South Africa: World leaders participating in the three-day BRICS summit taking place in South Africa’s Johannesburg this week have cast their eyes on the future of the global economy in what is viewed as an increasingly multipolar world.

The leaders of the BRICS countries, Brazil, Russia, India, China, and South Africa, will discuss trade, investment, infrastructure, climate change, and de-dollarization during the 15th annual summit, hosted by this year’s president South Africa from Aug. 22 to 24.

Xi Jinping, the Chinese president, was welcomed by his South African host and President Cyril Ramaphosa, as were India’s Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva. Russia’s President Vladimir Putin joined the summit via video link.

Saudi Foreign Minister Prince Faisal bin Farhan is heading the Kingdom’s delegation participating in the BRICS Plus and BRICS Africa Dialogue on behalf of Crown Prince Mohammed bin Salman.

Xi Jinping, the Chinese president, was welcomed by his South African host and President Cyril Ramaphosa. (AP)

The Saudi delegation includes the Deputy Minister for International Multilateral Affairs Abdulrahman Al-Rassi; Director General of the Office of the Minister of Foreign Affairs Abdulrahman Al-Dawood; and Director General of International Organizations Shahir AlKhonaini.

The BRICS countries are all united by