The BRICS bloc -- South Africa, Brazil, Russia, India, China -- will expand to include six more members

President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, appreciated the BRICS decision to include the UAE in the group, which currently consists of five emerging economies--Brazil, Russia, India, China, and South Africa.

The president took to X, formerly known as Twitter, to express his appreciation towards the BRICS group and double down on the country's commitment to benefit all nations.

"We respect the vision of the BRICS leadership and appreciate the inclusion of the UAE as a member to this important group," he wrote. "We look forward to a continued commitment of cooperation for the prosperity, dignity and benefit of all nations and people around the world."

Aside from the UAE's President, the official X handle of the government shared a couple of pointers highlighting the new addition to the group and its aim.

The post mentioned that the UAE membership will come into effect from the first of January 2024 as five more countries will join the bloc at the same time including Argentina, Egypt, Ethiopia, Iran, and Saudi Arabia.

After these six countries' addition, BRICS will consist of 11 countries. The group aims to support infrastructure and sustainable development projects in emerging markets and developing countries.

The post concluded by mentioning how the UAE recognizes the importance of the group's initiative as a mechanism to promote global peace, stability, and prosperity.

Sheikh Saud Bin Saqr Al Qasimi, who serves as the ruler of Ras Al Khaimah and a Member of the Federal Supreme Council of the United Arab Emirates, attended the BRICS-Africa Outreach and BRICS Plus Dialogue held in Sandton on Thursday, where he spoke about BRICS' expansion benefits.

"The BRICS community, which represents a quarter of the world economy and home to half the population of the world, is prepared to play a pivotal role in shaping the international agenda and setting the international agenda in the coming years," he said, SA News reported.

He continued, "We would like to take the opportunity to communicate with other groups and peoples within this group and outside this group in order to achieve prosperity at large, a space that includes all the people of this world."

The ruler of Ras Al Khaimah City went on to add that the UAE appreciates its inclusion in the group as in recent years, the country has "continued its surge to obtain membership in international organizations while committed to enhancing dialogue."

He shared that the UAE's approach is to find solutions to the problems faced in the world such as climate change, poverty, healthcare, and education for the most vulnerable segments in the society.

He noted that the UAE is "considered one of the [biggest] investment partners to the members of the BRICS group as the non-oil trade has reached 750 billion dollars and investment 38 billion dollars between the years 2018 and 2023."

Furthermore, he mentioned that the UAE is the "second country that is not a founder to join the New Development Bank in 2020," adding that the country understands BRICS potential to enhance international development and economic growth.