Brics Saudi Arabia Preparing To Invest 16 Billion From Reserves

Last updated: June 9, 2025, 18:18

Brics Saudi Arabia Preparing To Invest 16 Billion From Reserves

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

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New Middle East members expand Brics reach - AGBI

In February

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

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

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

Timing is key to understanding

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

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

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