BRICS membership: A game-changer for Saudi Arabia’s economy?
- Date: 22-May-2023
- Source: Ya Libnan
- Sector:Financial Services
- Country:Saudi Arabia
BRICS membership: A game-changer for Saudi Arabia’s economy?
ByHussain Shahid
As Saudi Arabia prepares to potentially join the BRICS, there is much to consider in terms of the impact on the country’s economy. While some may view this as a simple geopolitical move, it could have significant economic implications for the region and the world as a whole.
First and foremost, it is important to understand the economic power of the BRICS nations. Together, Brazil, Russia, India, China, and South Africa represent 40% of the world population and 25% of global GDP. If Saudi Arabia were to join this group, it would not only significantly increase the size and influence of the bloc, but also provide the country with access to a powerful network of economic partners.
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