Global Influence in MENA Region BRICS 5 New Members

BRICS Expands Global Influence in MENA Region with 5 New Members

Global Influence in MENA Region

The rise of BRICS nations is reshaping the global economic landscape, with five new member countries increasingly influential in the Middle East and North Africa (MENA) region. China, India, and Russia are positioning BRICS to become a dominant global entity, with a special focus on the MENA region. As a result, observers are touting BRICS as an emerging global powerhouse, boasting trade influence over 84 countries with a staggering combined GDP of $92 trillion.

A New Era of International Cooperation

BRICS’ expansion in the MENA region focuses strategically on infrastructure development and trade relations. By strengthening ties with countries there, BRICS positions itself as a dominant global trade player. This trade influence is evident in Egypt, where the AIIB finances Alexandria’s new metro system.

Moreover, China and Russia have established free trade export manufacturing zones at Egypt’s Port Said. Undoubtedly, such partnerships boost BRICS’ global influence in strategic regions like MENA. Consequently, BRICS enhances its economic leverage and geopolitical sway on the world stage. This aligns with its ambitions for a multipolar world order.

Unlocking Regional Potential

Iran rapidly develops as a transportation hub via the INSTC network. It links Europe, Russia, the Middle East, East Africa, Central and South-East Asia. This strategic positioning revolutionizes regional trade and commerce, unlocking new economic growth opportunities.

Similarly, Saudi Arabia aims to replicate Iran’s success as a trade influencer. Proposed rail links west to Israel position it advantageously. Moreover, a massive $400 billion infrastructure finance deal with China boosts Saudi global influence. Undoubtedly, such moves enhance the kingdom’s economic leverage and geopolitical clout worldwide.

New Frontiers in Manufacturing and Finance

Ethiopia is fast emerging as an African auto-manufacturing hub, with Russian manufacturers already setting up assembly plants. This development is expected to drive economic growth and create new opportunities in the region. In addition, the United Arab Emirates is positioning itself as a regional financial hub, with significant new trends in distributing regional and Asian infrastructure development finance.

A Bright Future Ahead

As BRICS continues to expand its influence in the MENA region, the future looks bright for this emerging global powerhouse. BRICS sets itself to become a dominant player in global trade with its strategic focus on infrastructure development and trade relations, driving economic growth and prosperity in the region. As the GCC negotiates a free trade agreement with China and Russia, having signed off a CEPA agreement with India earlier this year, the stage is set for unprecedented growth and cooperation in the region.

This website stores cookies on your computer. Privacy Policy