Saudi Arabia’s foreign minister told Al Arabiya TV on Thursday that the Kingdom appreciated the invitation by BRICS to join the group and would study the details before the proposed January 1 joining date and take “the appropriate decision.”
Prince Faisal bin Farhan said BRICS was “a beneficial and important channel” to strengthen economic cooperation.
South African President Cyril Ramaphosa announced Thursday that the BRICS club of emerging nations will admit six new members, including Saudi Arabia, UAE and Iran, at the start of next year.
“We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia, and the United Arab Emirates, to become full members of BRICS. The membership will take effect from the first of January 2024,” Ramaphosa told a summit in Johannesburg.
Earlier on Thursday, Prince Faisal said that Saudi Arabia was looking forward to developing more cooperation with BRICS nations.
“We look forward to develop this cooperation to create new developmental and economic opportunities and elevate our relationship to the aspired level,” he told a BRICS summit.
Prince Faisal also said the Kingdom will continue to be a reliable source of energy and had the tools to maintain stable energy markets.