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.
