1 day ago

Saudi Arabia Engages BRICS While Delaying Formal Membership

Saudi Arabia Engages BRICS While Delaying Formal Membership
Why Saudi Arabia engages with BRICS without formally joining it · indianexpress.com

Saudi Arabia took part in a major BRICS meeting in New Delhi.

It was invited to join BRICS in 2023 but has not officially joined.

BRICS includes several large emerging economies.

Saudi Arabia wants stronger business and diplomatic ties with countries such as China and India.

It is also trying to grow industries that do not depend on oil.

BRICS could help Saudi Arabia explore different ways to trade and settle payments.

However, Saudi Arabia depends on the United States for weapons and security systems.

It is also discussing technology and civil nuclear agreements with the United States.

Staying close to BRICS without formally joining lets Saudi Arabia keep both sets of relationships open.

Key facts

BRICS invitation
Saudi Arabia was invited to join BRICS at the 2023 summit in Johannesburg.
Current status
Saudi Arabia participated as an invited country and has not formally confirmed full membership.
Summit
The 18th BRICS Summit was hosted by New Delhi in 2026.
Economic partners
China and India are among the biggest buyers of Saudi crude.
Non-oil exports
Non-oil exports represented 44% of Saudi Arabia’s total exports in 2025, compared with 39% in 2024 and 30% in 2021.
India-Saudi trade
Bilateral trade reached $41.88 billion in 2024-25.
Indian nationals in Saudi Arabia
Approximately 2.4-2.7 million Indian nationals live in Saudi Arabia, according to India’s Ministry of External Affairs.

Sources

Related news