Saudi Arabia wants to join an alliance that controls a quarter of the world economy

South African President Cyril Ramaphosa, who has just returned from Saudi Arabia after a state visit, said that the kingdom has expressed interest in joining the “BRICS” (Brazil, Russia, India, China and South Africa).

Today, Tuesday, local radio station SABC quoted the President of South Africa as saying: “Crown Prince of Saudi Arabia Mohammed bin Salman has expressed the desire of the Kingdom of Saudi Arabia to join the BRICS group. It should be noted that Saudi Arabia is not the only country seeking membership (BRIX).

Ramaphosa indicated that South Africa will chair the BRICS group in 2023, and said that next year the BRICS summit will be held under the chairmanship of South Africa and the issue of BRICS expansion will be considered, and that there are a number of countries in contact with the BRICS “On the issue.

The BRICS group was founded in 2006 and is an abbreviation of the English initials of the names of the countries that are members of the organization (Brazil, Russia, India, China, South Africa).

This bloc is considered to have the fastest economic growth in the world, with the BRICS countries producing about 25% of world production and occupying about 26% of the world’s land mass.

By 2050, the economies of the BRICS countries are expected to compete with the economies of the richest countries in the world, according to the global banking group Goldman Sachs.

Source: RT+TASS