Brics Saudi Arabia Preparing To Invest 16 Billion From Reserves

Last updated: June 9, 2025, 10:44

Brics Saudi Arabia Preparing To Invest 16 Billion From Reserves

As the country joins the

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Saudi Arabia sits on fence over BRICS with eye on vital ties with US

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

Perspectives of GCC States Towards BRICS

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

Saudi Arabia’s Entry into BRIC: Implications for Trade

In February

Dave D. on LinkedIn: BRICS: Saudi Arabia Preparing to Invest $16

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

New Middle East members expand Brics reach - AGBI

Already

BRICS: Saudi Arabia Gears Up to Invest $16 Billion from Reserves

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

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