The BRICS summit, which will be place in Russia in October, will feature five new members. Brazil, Russia, India, China, and South Africa have joined Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates in the growth. The admission of Saudi Arabia and the United Arab Emirates may change the dynamics of international relations.
The BRICS alliance's development is projected to open up new investment opportunities for the Arab world's two largest economies, Saudi Arabia and the UAE. Despite global risks such as high interest rates, inflation, and geopolitical tensions, Saudi Arabia and the UAE have maintained economic development by concentrating on diversification.This could open up new avenues for global cooperation and economic prosperity.