dev.ebrics.com
  • Home
  • BRICS NewsTrending
  • General News
    Trump Appoints Paul Atkins to Lead SEC, Marking a Pro-Crypto Shift

    Crypto Advocate Paul Atkins Chosen as SEC Chair by Trump Donald

    David Sacks Named Trump’s Crypto Czar

    David Sacks Named Trump’s Crypto Czar to Lead AI and Blockchain Innovation

    China and Russia's Growing Global Partnership in 2024_

    China and Russia Strengthen Global Influence in 2024

    Trump Warns BRICS No Currency Can Replace the US Dollar_

    Trump Warns BRICS: “No Currency Can Replace the US Dollar”

    Egypt and Russia Strengthen Cooperation_11zon

    Egypt and Russia Strengthen Cooperation on El-Dabaa Nuclear Power Plant at BRICS Summit

    Putin Plans First Visit to India Since Ukraine Invasion_

    Putin Plans First Visit to India Since Ukraine Invasion

    MicroStrategy's Market Cap Poised to Surpass Intel Amid Bitcoin Surge_

    MicroStrategy’s Market Cap Poised to Surpass Intel Amid Bitcoin Surge

    Donald Trump’s Strategy to Fracture BRICS and Preserve US Dollar Dominance (1)

    Donald Trump’s Strategy to Fracture BRICS and Preserve US Dollar Dominance

    Venezuela Criticizes Brazil_

    Venezuela Criticizes Brazil Over BRICS Exclusion Amid New Admissions

  • Finance News
    Crypto.com and Mastercard Partner

    Crypto.com and Mastercard Partner to Expand Digital Payments in the GCC

    Who-Will-Lead-the-SEC-in-2025_11zon-scaled

    Who Will Lead the SEC in 2025? Speculation Grows After Gensler’s Exit

    The 10 Fintech Companies to Watch in 2025

    The 10 Fintech Companies to Watch in 2025

    G20 Leaders Commit to Reforming the International Financial System_

    G20 Leaders Commit to Reforming the International Financial System

    Payhawk Partners with J.P. Morgan Payments

    Payhawk Partners with J.P. Morgan Payments to Enhance Global Payment

    The Future of Payments Revolutionizing Fintech with Seamless Solutions_

    The Future of Payments: Revolutionizing Fintech with Seamless Solutions

    Retail Investors Favor Dogecoin Over Bitcoin, New Poll Reveals_

    Retail Investors Favor Dogecoin Over Bitcoin, New Poll Reveals

    BRICS Shifts Focus De-Dollarization Faces Setbacks

    BRICS Shifts Focus: De-Dollarization Faces Setbacks

    BRICS In Focus How Trump Plans to Shift Global Power_11zon

    BRICS In Focus: How Trump Plans to Shift Global Power

  • Home
  • BRICS NewsTrending
  • General News
    Trump Appoints Paul Atkins to Lead SEC, Marking a Pro-Crypto Shift

    Crypto Advocate Paul Atkins Chosen as SEC Chair by Trump Donald

    David Sacks Named Trump’s Crypto Czar

    David Sacks Named Trump’s Crypto Czar to Lead AI and Blockchain Innovation

    China and Russia's Growing Global Partnership in 2024_

    China and Russia Strengthen Global Influence in 2024

    Trump Warns BRICS No Currency Can Replace the US Dollar_

    Trump Warns BRICS: “No Currency Can Replace the US Dollar”

    Egypt and Russia Strengthen Cooperation_11zon

    Egypt and Russia Strengthen Cooperation on El-Dabaa Nuclear Power Plant at BRICS Summit

    Putin Plans First Visit to India Since Ukraine Invasion_

    Putin Plans First Visit to India Since Ukraine Invasion

    MicroStrategy's Market Cap Poised to Surpass Intel Amid Bitcoin Surge_

    MicroStrategy’s Market Cap Poised to Surpass Intel Amid Bitcoin Surge

    Donald Trump’s Strategy to Fracture BRICS and Preserve US Dollar Dominance (1)

    Donald Trump’s Strategy to Fracture BRICS and Preserve US Dollar Dominance

    Venezuela Criticizes Brazil_

    Venezuela Criticizes Brazil Over BRICS Exclusion Amid New Admissions

  • Finance News
    Crypto.com and Mastercard Partner

    Crypto.com and Mastercard Partner to Expand Digital Payments in the GCC

    Who-Will-Lead-the-SEC-in-2025_11zon-scaled

    Who Will Lead the SEC in 2025? Speculation Grows After Gensler’s Exit

    The 10 Fintech Companies to Watch in 2025

    The 10 Fintech Companies to Watch in 2025

    G20 Leaders Commit to Reforming the International Financial System_

    G20 Leaders Commit to Reforming the International Financial System

    Payhawk Partners with J.P. Morgan Payments

    Payhawk Partners with J.P. Morgan Payments to Enhance Global Payment

    The Future of Payments Revolutionizing Fintech with Seamless Solutions_

    The Future of Payments: Revolutionizing Fintech with Seamless Solutions

    Retail Investors Favor Dogecoin Over Bitcoin, New Poll Reveals_

    Retail Investors Favor Dogecoin Over Bitcoin, New Poll Reveals

    BRICS Shifts Focus De-Dollarization Faces Setbacks

    BRICS Shifts Focus: De-Dollarization Faces Setbacks

    BRICS In Focus How Trump Plans to Shift Global Power_11zon

    BRICS In Focus: How Trump Plans to Shift Global Power

Ebrics
No Result
View All Result
Saudi Arabia Strengthens Ties with BRICS Countries_

Saudi Arabia Strengthens Ties with BRICS Countries

eBrics by eBrics
8 months ago
in BRICS News
Reading Time: 2 mins read
Share on Twitter

Saudi Arabia is proactively enhancing its collaboration with BRICS member nations, particularly emphasizing industrial partnerships and technological exchange. Bandar Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources, highlighted the kingdom’s close cooperation with BRICS countries, noting in particular its strong engagement with South Africa in the mining sector, where South Africa’s vast experience adds value to Saudi Arabia’s ambitions in the industry.

Alkhorayef shared that Saudi Arabia is actively working with South African companies to attract service providers for the mining sector. This move underscores the kingdom’s strategic interest in establishing connections that extend beyond the traditional supplier-customer dynamics. Instead, Saudi Arabia aims to foster deep-rooted, long-term partnerships based on technology sharing and expertise exchange.

Key Collaborations with South Africa and Brazil

Among the BRICS nations, Saudi Arabia has notably strong partnerships with both South Africa and Brazil. While collaboration with South Africa is focused on the mining sector, cooperation with Brazil spans various industries, including food security, pharmaceuticals, and mining. These sectors are integral to Saudi Arabia’s diversification strategy under its Vision 2030 initiative, which seeks to reduce the kingdom’s dependency on oil by fostering growth in other economic areas.

In the words of Alkhorayef, Saudi Arabia envisions relationships that go “beyond just a customer-supplier connection or an exporter-importer link.” The kingdom sees significant potential in technology transfer, mutual expertise, and industry collaboration, aligning with its broader goals of sustainable growth and innovation.

Saudi Arabia’s Vision for BRICS Partnerships

The kingdom’s approach to BRICS is driven by a desire to create synergies across various sectors, paving the way for economic integration and sustained growth. Saudi Arabia’s focus on partnerships that prioritize knowledge sharing and technological exchange reflects its commitment to elevating its industrial base and strengthening ties with emerging markets.

The minister’s statements reflect Saudi Arabia’s goal to establish itself as a regional hub for industrial growth while leveraging the expertise and technological advancements of BRICS nations. By fostering such alliances, Saudi Arabia is not only enhancing its economic landscape but also positioning itself as an influential player within the global economy.

Tags: BRICSIndustrial PartnershipSaudi Arabia
Previous Post

World’s Safest Banks 2024: China Retains Top Spots

Next Post

Russia’s Strategic Ambitions Within BRICS for Global Influence

eBrics

eBrics

At Ebrics, we provide the latest news on finance, banking, and digital assets, along with general world updates. As a trusted source, our goal is to keep you informed and engaged with important news and insights.

Next Post
Russia's Strategic Ambitions Within BRICS_

Russia's Strategic Ambitions Within BRICS for Global Influence

  • Ebrics
  • Privacy Policy
  • Terms and Conditions

© Copyright 2024 Ebrics Limited All Rights Reserved.

No Result
View All Result
  • Home
  • BRICS News
  • General News
  • Finance News

© Copyright 2024 Ebrics Limited All Rights Reserved.