How Saudi Arabia Joining BRICS can shift the world power? : USA vs Saudi Arabia Explained. #SaudiArabia #UAE #geopolitics #thinkschool #businesscasesstudy #GulfNews

"The Russia-Ukraine conflict accelerated a global trend aimed at creating an economic and financial universe parallel to the existing system. We have in the past highlighted the possibility of the GCC countries joining the BRICS grouping of Brazil, Russia, India, China and South Africa, whose population together constitute 41 per cent of the world. 

These countries also account for 23 per cent of the global economy and 18 per cent of trade, which reflects their relative importance to the global economy as a whole. Recently, Saudi Arabia applied to join the group, a move warmly welcomed by existing members. Discussions are also being held about the prospect of the UAE and Turkey joining as well, which will lead to a fundamental change in the global power dynamics and help create a more balanced order. 

The likely accession of the three countries means a huge change that will tip the balance in favor of the East. Saudi Arabia, with its enormous potential in energy, the UAE as a global commercial and financial center, and Turkey, with its location, industrial and technological growth will add significant influence to the group and redistribute power between East and West." 

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