UAE and Saudi Arabia to join BRICS
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UAE, Saudi Arabia to join BRICS; President Sheikh Mohamed welcomes membership

UAE, Saudi Arabia to join BRICS; President Sheikh Mohamed welcomes membership

The BRICS grouping has announced an expansion in its ranks with six new members, including UAE, Saudi Arabia, Ethiopia and Egypt

Gulf Business
BRICS SUMMIT-SOUTH AFRICA

The BRICS nations have invited six new countries to join the bloc.

South Africa’s President Cyril Ramaphosa, who acted as the host for the summit, announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE have been invited to join the group as part of the first phase of its expansion.

The new membership will be effective from January 1, 2024.

“As a five BRICS countries, we have reached an agreement on the guiding principles, standards, criteria, and procedures on the BRICS expansion process which has been in discussion for quite a while,” Ramaphosa told a joint media briefing.

“We have consensus on the first phase of this expansion process and other phases will follow.”

President Sheikh Mohamed has praised the move. “We respect the vision of the BRICS leadership and appreciate the inclusion of the UAE as a member of this important group,” he wrote on social media platform X, formerly known as Twitter.

BRICS expansion

The debate over the expansion of the grouping – Brazil, Russia, India, China and South Africa – topped the agenda at the three-day summit in Johannesburg.

While all members have publicly expressed support for expanding the five-member bloc, reports suggested divisions among the leaders over how much and how quickly.

Meanwhile, India’s Prime Minister Narendra Modi was invited to give a speech as India’s successful landing on the Moon co-incided with the ongoing summit. PM Modi congratulated Ramaphosa for the successful summit and said India has always supported the expansion of the grouping.

“India has always believed the addition of new members will further strengthen BRICS as an organisation and will give our shared efforts a new impetus. This will also strengthen the belief of many countries in the multipolar world order,” PM Modi said.

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