Saudi Arabia hesitates: Joining BRICS is still undecided!

Saudi Arabia hesitates: Joining BRICS is still undecided!

Saudi Arabia faces a decision that could shift the global balance of power! The kingdom has received an invitation to join the prestigious BRICS alliance - a group of powerful emerging countries. But be careful! Such a serious decision needs to be carefully considered. The economically strategic stroke of genius or a risky balancing act? Nobody knows for sure yet. Economy Minister Faisal bin Fadhil Al-Ibrahim dropped the bombshell at the World Economic Forum in Davos and confirmed that Saudi Arabia is intensively examining its BRICS membership. Classic or curiosity? “We are evaluating the many aspects of this decision and are in the middle of the process,” he confidently announced in an interview with Bloomberg.

Joining BRICS could give the global giant three letters a serious financial boost, as Saudi Arabia, as an oil and money billionaire, could not only finance the New Development Bank's projects, but also take control of a whopping 42% of the global oil and gas sector. But there is a catch! Saudi Arabia does not want to risk its ties to the West and is cleverly balancing between the fronts. The Kingdom's Vision 2030 needs the support of all major players - the loss of a partner could mean financial disaster. It still remains to be seen as watcher.guru reports, which path the Saudis will take. Pure excitement in the global power game!