His Highness Prince Faisal bin Farhan bin Abdullah meets President of BRICS Development Bank Dilma Rousseff

Saudi Arabia’s Minister of Foreign Affairs, His Highness Prince Faisal bin Farhan bin Abdullah, met with the President of the BRICS Development Bank, Dilma Rousseff, in Paris, France. The meeting was also attended by the Minister of Finance, Mr. Muhammad bin Abdullah Al-Jadaan.

Discussions on Saudi Arabia and BRICS relations

The meeting focused on the relations between Saudi Arabia and the BRICS group, with discussions on ways to strengthen and develop them. The parties also discussed aspects of economic and development cooperation in the light of the Saudi Vision 2030, aiming to achieve global sustainable development goals.

Importance of economic cooperation

The meeting highlighted the importance of economic cooperation between Saudi Arabia and the BRICS group, as both parties have a lot to offer each other in terms of trade and investment. Saudi Arabia is a major oil exporter, while the BRICS countries are some of the world’s largest emerging economies, accounting for a significant portion of global GDP.

Looking towards sustainable development

Both parties agreed that sustainable development is a key priority and that cooperation between Saudi Arabia and the BRICS group will help to achieve the United Nations’ Sustainable Development Goals. The Saudi Vision 2030, which aims to diversify the country’s economy and reduce its dependence on oil, aligns with the BRICS countries’ focus on innovation and technology as drivers of economic growth.

The meeting between His Highness Prince Faisal bin Farhan bin Abdullah and Dilma Rousseff was an important step in strengthening the relationship between Saudi Arabia and the BRICS group. The parties agreed to continue working together towards mutual economic and development goals.