https://en.sputniknews.africa/20241031/saudi-arabia-building-strong-relations-with-brics-member-countries-industry-minister-says-1068960712.html

Saudi Arabia Building Strong Relations With BRICS Member Countries, Industry Minister Says

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RIYADH (Sputnik) - Saudi Arabia became a new member of BRICS on January 1. The country is yet to formalize its membership in the association, although it is... 31.10.2024, Sputnik Africa

2024-10-31T09:36+0100

2024-10-31T14:38+0100

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Saudi Arabia has strong economic relations with the BRICS member countries, the kingdom's Minister of Industry and Mineral Resources, Bandar Alkhorayef, told Sputnik. The minister added that the kingdom is working with South Africa to attract companies servicing the sector. He underscored that among the BRICS members, Brazil is also an important partner for the kingdom in the industrial sector, in food security, pharmaceuticals, and mining.In addition, Alkhorayef said Saudi Arabia expects the mentioned countries to build long-term partnerships, "not just a relationship between a customer and a supplier or an exporter and an importer." He noted that the kingdom would like to engage in integration and exchange experience and technology with them.

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Saudi Arabia Building Strong Relations With BRICS Member Countries, Industry Minister Says

09:36 31.10.2024 (Updated: 14:38 31.10.2024)

CC BY-SA 2.0 / Flickr / World Economic Forum/Ciaran McCrickard / Bandar Alkhorayef, Minister of Industry and Mineral Resources of Saudi Arabia, speaking during the Saudi Arabia’s Transformation in a Changing Global Context session at the World Economic Forum Annual Meeting 2023 in Davos-Klosters, Switzerland, 18 January.

Bandar Alkhorayef, Minister of Industry and Mineral Resources of Saudi Arabia, speaking during the Saudi Arabia’s Transformation in a Changing Global Context session at the World Economic Forum Annual Meeting 2023 in Davos-Klosters, Switzerland, 18 January. - Sputnik Africa, 1920, 31.10.2024

CC BY-SA 2.0 / Flickr / World Economic Forum/Ciaran McCrickard /

RIYADH (Sputnik) - Saudi Arabia became a new member of BRICS on January 1. The country is yet to formalize its membership in the association, although it is participating in BRICS meetings.

Saudi Arabia has strong economic relations with the BRICS member countries, the kingdom's Minister of Industry and Mineral Resources, Bandar Alkhorayef, told Sputnik.

"Saudi Arabia has strong cooperation with the BRICS countries. The kingdom works with these countries to a large extent, and there are serious points of contact with some of them, especially with South Africa, which has a lot of experience in the mining industry," Alkhorayef said.

The minister added that the kingdom is working with South Africa to attract companies servicing the sector. He underscored that among the BRICS members, Brazil is also an important partner for the kingdom in the industrial sector, in food security, pharmaceuticals, and mining.

Russian President Vladimir Putin, right, and South African President Cyril Ramaphosa, left, during their meeting on the sidelines of the 16th BRICS summit in Kazan, Russia, on October 22, 2024. - Sputnik Africa, 1920, 26.10.2024

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In addition, Alkhorayef said Saudi Arabia expects the mentioned countries to build long-term partnerships, "not just a relationship between a customer and a supplier or an exporter and an importer." He noted that the kingdom would like to engage in integration and exchange experience and technology with them.