The BRICS Alliance have a busy month ahead of them. The annual BRICS Summit is scheduled for the year, and discussions surrounding expansion are top of mind. One of the world’s newest economic alliances is gaining momentum as BRICS – comprised of original members Brazil, Russia, India, China and South Africa – boast significant influence on the global stage.

3 Major Countries Set to Join BRICS Alliance in August: What You Need to Know

For years, BRICS remained a group of five powerful emerging economies. However, that changed more than a decade later, when the bloc invited six countries to join the BRICS alliance. A senior government official confirmed the expansion plans, aiming to further solidify BRICS' position in the international economic and political landscape.

Which Countries Are Joining BRICS?

While discussions are ongoing, the five countries likely to join the BRICS alliance are Saudi Arabia, the United Arab Emirates, Argentina, Egypt, and Indonesia. Let's delve into 3 major countries expected to formally join in August:

1. Saudi Arabia: A global leader in oil production, Saudi Arabia's inclusion would significantly bolster BRICS' energy resources and financial power.
2. United Arab Emirates (UAE): The UAE's strategic location and thriving financial sector make it a valuable addition to the BRICS alliance, strengthening its trade networks and investment capabilities.
3. Argentina: Argentina's rich natural resources, particularly in agriculture and lithium, would diversify the BRICS economies and enhance its global competitiveness. Those nations included Saudi Arabia, Argentina, the

The expansion of BRICS to include these nations signals a shift in global power dynamics and highlights the growing importance of emerging economies in shaping the future of international relations.