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Brics Summit 2023: Brics invites 6 countries including Saudi Arabia, Egypt to become new members

Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade.

Also invited are Iran, Egypt, Ethiopia and Argentina, South African President Cyril Ramaphosa said Thursday as he wrapped up the annual summit of the group in Johannesburg.

Saudi Foreign Minister Prince Faisal bin Farhan said the kingdom was awaiting details from the BRICS group on the nature of the membership, and would take an “appropriate decision” accordingly.

All six countries invited had already expressed an interest in joining.

The announcement was made at the Brics summit in Johannesburg by South African President Cyril Ramaphosa, whose country is the current Brics chair.

“The membership will take effect from the first of January, 2024,” Ramaphosa said.

BRICS is currently made up of the emerging economies of Brazil, Russia, India, China and South Africa. Those five members agreed at this week's summit to expand the bloc. It's the second time that BRICS has decided to expand. The bloc was formed in 2009 by Brazil, Russia, India and China. South Africa was added in 2010. The Brics bloc represents around 40% of the world's population and contributes more than a quarter of global GDP. References:


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