RIYADH : In what is certainly a key byproduct of the alliance’s expansion, BRICS now holds $45 trillion in combined wealth after Saudi Arabia joined. Indeed, the economic alliance introduced five new countries that are set to be key parts of the bloc’s 2024. Subsequently, it has led to the bloc’s united wealth surpassing the G7 collective.
They also welcomed the United Arab Emirates (UAE), Egypt, Iran, and Ethiopia. Moreover, the expansive members of the alliance have also led to an increase in overall global GDP (PPP) and share of global oil production. Now, the bloc has surpassed the WEstern G7 in those three key areas.