Saudi Arabia, the fastest-growing economy in 2022 among the world’s top 20 economies, has officially joined BRICS, as announced by Saudi state television.
Saudi Arabian Foreign Minister Prince Faisal bin Farhan emphasized the importance of the BRICS group as a beneficial and significant channel for enhancing economic cooperation.
Alongside Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia have also joined, doubling the BRICS membership to 10 countries.
Previously, the BRICS bloc consisted of Brazil, Russia, India, China, and South Africa.