Will Saudi Arabia join BRICS? It's looking increasingly likely that Saudi Arabia will formally join the BRICS alliance at the upcoming August summit. The government official revealed that BRICS is considering inducting Saudi Arabia into the alliance next month. This move would solidify the bloc's economic power, especially considering BRICS needs Saudi Arabia to fund its New Development Bank and broader initiatives.

The inclusion of Saudi Arabia, alongside other nations such as Egypt, Ethiopia, Iran, and the United Arab Emirates, which were expected to follow Indonesia, which joined BRICS in January after the summit on 6-7 July, represents a significant expansion of the BRICS economic bloc next year, the bloc announced Hace 1 día. The addition of Iran and Saudi Arabia among six countries set to join Brazil, Russia, India, China and South Africa, could dramatically shift global economic dynamics.

However, the situation is complex. Some parties, particularly those focused on regional conflicts, view Saudi Arabia's potential BRICS membership with unease. Even though the two main ones in Gaza and Lebanon have since officially ended, neither would look approvingly upon Saudi Arabia formally joining BRICS.

Despite some hesitation, Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two sources said, finessing an issue that could upset certain relationships, the advantages of joining BRICS, particularly in terms of economic diversification and access to new markets, appear to outweigh the potential drawbacks. The world watches closely to see if the August summit will officially welcome Saudi Arabia into the BRICS alliance.