The total value of bilateral trade between Saudi Arabia and BRICS member states topped $160 billion in 2022, making the Kingdom’s largest Middle Eastern trade partner of the bloc, Foreign Minister Prince Faisal bin Farhan bin Abdullah said on Friday.
Speaking at a ministerial meeting of Friends of BRICS in Cape Town, Prince Faisal also said the kingdom was planning to develop further cooperation with the BRICS group to achieve collective prosperity.
“The kingdom remains the BRICS group’s largest commercial partner in the Middle East,” he said. “The total value of bilateral trade with the countries of the BRICS group increased from $81 billion in 2017 and 128 billion in 2021 and exceeded $160 billion in 2022.”