25 Aug, 2023: The inclusion of the UAE into the BRICS is likely to create fresh business prospects and investment openings, offering the nation increased global influence. The UAE's inclusion in BRICS presents substantial economic, trade, and investment prospects capable of catalysing a significant transformation within the BRICS nations' economic landscape.
The sectors set to reap the most benefits from UAE’s inclusion into BRICS are e-commerce, import/export and real estate. These industries are particularly attractive to new global enterprises, as BRICS membership bolsters access and inclusivity in the UAE.
Joining BRICS will additionally assist the Gulf nation in its endeavours to reduce its economic dependence on fossil fuels by enticing a diverse range of companies seeking to grow and establish a presence in the Middle East.
In light of the UAE's entry into the BRICS, President Mohammed bin Zayed Al Nahyan shared his views on social media, saying, “We respect the vision of the BRICS leadership and appreciate the inclusion of the UAE as a member to this important group. We look forward to a continued commitment of cooperation for the prosperity, dignity and benefit of all nations and people around the world."
This development not only fuels the enthusiasm for investment within the UAE but also paves the way for the establishment of new businesses in crucial sectors, which in turn will be instrumental in fostering the country's sustained economic expansion. As the UAE solidifies its position in the global economy, this remarkable achievement underscores its unwavering commitment to innovation, progress, and prosperity, setting a future filled with boundless opportunities and continued success.