Saudi Arabia has not yet joined BRICs - minister

Saudi Arabia has not yet joined BRICs - minister
# 17 January 2024 11:00 (UTC +04:00)

Saudi Arabia has not yet officially joined the BRICs bloc of developing countries, the kingdom's minister of commerce said in a panel at the World Economic Forum in Davos on Tuesday, APA reports citing Reuters.

"Saudi Arabia has been invited to attend BRICs, we have not yet officially joined BRICs," Majid Al-Kasabi said in a first comment from Saudi officials after the proposed joining date of Jan. 1 passed.

The comment also clarified the kingdom's position after Saudi state TV reported earlier this month that the kingdom had joined the bloc, only to remove the reports from its social media accounts later.

The group of nations, which includes Brazil, Russia, China, India and South Africa, invited Saudi Arabia, the United Arab Emirates, Egypt, Iran, Argentina, and Ethiopia to join in August, although Argentina signalled it would not take up the invitation in November.

Saudi Arabia's consideration of the offer comes with a backdrop of rising geopolitical tensions between the U.S. and China, and as the kingdom's warming ties with Beijing have caused concern in Washington.

Despite continued strong ties with the U.S., Saudi Arabia has increasingly pursued its own path out of concern that Washington is less committed to the Gulf's security than in the past.

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