BRICS SAUDI ARABIA PREPARING TO INVEST 16 BILLION FROM RESERVES

In February

Timing is key to understanding the move, as it can be seen as the result of a combination of China's diplomatic efforts in the Middle Eastern region and Saudi Arabia's aspiration to deepen

In February, Saudi Arabia exported goods worth 15.2 billion riyals ($4.05 billion) to China, marking a 20.6% increase from a year earlier, when trade amounted to 12.6

Already, the BRICS nations account for nearly half of the world’s population and nearly a fifth of global trade. Moreover, the proposed addition of Saudi Arabia, the UAE

As The Country Joins The

As the country joins the BRICS economic alliance, Saudi Arabia is preparing to invest a remarkable $16 billion from its foreign reserves. Indeed, the country set aside a

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Exhibit 3: Trade Between BRICS Members Has - Scholars at Harvard