News background: 6 new members of the BRICS family | BRICS | family
Xinhua News Agency, Beijing, August 24th - Background: Six new members of the BRICS family
Xinhua News Agency reporter
On August 24th, the 15th special press conference of BRICS leaders announced that Saudi Arabia, Egypt, the United Arab Emirates, Argentina, Iran, and Ethiopia were officially invited to become members of the BRICS family, and their membership will take effect from January 1st, 2024.
According to the 2022 economic statistics released by the World Bank, the combined GDP of BRICS countries will increase from 25.77% to 28.99% of global GDP after expansion.
Saudi Arabia:
The Kingdom of Saudi Arabia is located on the Arabian Peninsula, with an area of 2.25 million square kilometers and a population of approximately 36.17 million. Its capital is Riyadh. The official language is Arabic.
Saudi Arabia's proven oil reserves rank second in the world, and its oil and petrochemical industry is the lifeblood of Saudi Arabia's economy. Saudi Arabia is a member of the Gulf Cooperation Council and an important member of the Organization of the Petroleum Exporting Countries.
Egypt:
The the Arab Republic of Egypt spans Asia and Africa, covers an area of 1.01 million square kilometers, has a population of about 105 million, and its capital is Cairo. The official language is Arabic.
Egypt has a long history and is one of the four ancient civilizations in the world. Egypt plays an important role in Arab, African, and international affairs, with major mineral resources including oil, natural gas, phosphates, iron, etc.
UAE:
The United Arab Emirates is located in the eastern part of the Arabian Peninsula. Including coastal islands, its land area is approximately 83600 square kilometers, with a population of approximately 9.28 million, and its capital is Abu Dhabi. The official language is Arabic.
The UAE economy is mainly focused on oil production and petrochemicals. The United Arab Emirates is a member of the Gulf Cooperation Council and an important member of the Organization of the Petroleum Exporting Countries.
Argentina:
The Argentine Republic is located in the southeast of South America, with an area of 2.78 million square kilometers and a population of approximately 46.04 million. Its capital is Buenos Aires. The official language is Spanish.
Argentina is the third largest economy in Latin America and is known as the "world's granary and meat depot". Argentina has abundant mineral resources and is one of the major mining countries in Latin America.
Iran:
The Islamic Republic of Iran is located in southwestern Asia, with an area of 1.645 million square kilometers and a population of approximately 87.92 million. Its capital is Tehran. The official language is Persian.
Iran is an important member of the Organization of the Petroleum Exporting Countries. Oil is one of the pillars of Iran's economy and a major source of foreign exchange income. Iran's proven oil and natural gas reserves are among the top in the world.
Ethiopia:
The Federal Democratic Republic of Ethiopia is a landlocked country in northeastern Africa, with its capital in Addis Ababa, covering an area of 1.1036 million square kilometers and a population of 123 million. Amharic is the federal working language and English is widely used.
Ethiopia has discovered minerals such as gold, platinum, nickel, copper, iron, coal, tantalum, silicon, potassium salts, phosphates, marble, limestone, oil, and natural gas. Ethiopia has abundant water resources and is known as the "East African Water Tower". There are many rivers and lakes in the country, and the Blue Nile River originates here.