Key Takeaways
- The global economic center vision hinges on Iran‑UAE bilateral cooperation and BRICS membership.
- Both nations cite their strategic geographical location as a catalyst for becoming the world’s largest economic hub.
- The upcoming full membership in BRICS from January 2024 is expected to boost trade and investment across the region.
Tehran: Iran and the United Arab Emirates can become a global economic center, this opportunity can be ensured by their bilateral cooperation and membership in the BRICS group, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said at a meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan.
We intend to make a confident step into the future in all directions and develop the economies of the two countries in all areas.
Thanks to the geographical location of the two nations, we can become the largest economic center in the world. This opportunity exists through bilateral relations and BRICS membership.
Earlier, he said the purpose of his visit to the UAE was to discuss with a number of officials the bilateral relations between Tehran and Abu Dhabi in different spheres, in particular cooperation in the Gulf region.
BRICS unites Brazil, Russia, India, China and South Africa. At the Johannesburg summit in August, a decision was announced to invite Argentina, Egypt, Iran, Ethiopia, the UAE and Saudi Arabia to become full members of the organization from January 1, 2024. In May, Belarus asked BRICS members to be admitted to the association.
