Saudi Gazette report
JOHANNESBURG — Saudi Arabia’s International Minister Prince Faisal bin Farhan affirmed that the Kingdom will assess the invitation prolonged by BRICS for membership and make an acceptable determination.
“In its overseas coverage, the Kingdom focuses on constructing financial partnerships, and we worth the invitation from BRICS for membership and are learning it,” the minister mentioned in remarks to the press after attending a summit of the group in Johannesburg.
He added: “We await additional particulars concerning the character and standards of membership. Based mostly on this info and in accordance with our inside procedures, we are going to make the suitable determination.”
Prince Faisal acknowledged that BRICS is without doubt one of the vital channels for enhancing financial cooperation.
He additionally expressed appreciation for the invitation prolonged by the BRICS group, noting that it stems from the Kingdom’s financial stature and worldwide affect.
He additionally emphasised that each one of Saudi Arabia’s partnerships intention to bolster financial and developmental points, underscoring the Kingdom’s dedication to reaching its world objectives and aspirations.
Saudi Arabia, amongst different nations, has been invited to turn into a member of the BRICS group of creating nations in its first growth in over a decade. South African President Cyril Ramaphosa mentioned Thursday as he wrapped up the annual summit of the group in Johannesburg. “The membership will take impact from the primary of January, 2024,” Ramaphosa mentioned. The group at present consists of Brazil, Russia, India, China and South Africa.