The UAE is the richest country in the BRICS, with the most wealth per capita among its citizens.
According to the first BRICS Wealth Report by Henley & Partners, which was released in collaboration with wealth intelligence firm New World Wealth, the average per capita income in the United Arab Emirates is $103,500 (Dh380,000), which is more than twice as high as that of Saudi Arabia, the second-ranked neighboring Gulf nation, whose per capita wealth is $54,000.
China ($18,800), the Russian Federation ($16,500), Brazil ($10,400), India ($6,800), Egypt ($4,200), Iran ($3,800), and Ethiopia ($1,200) were the next Gulf nations.
Over the following ten years, from 2023 to 2033, the UAE is expected to witness a 95% increase in per capita income, ranking third after Saudi Arabia (105%) and India (11%).
On January 1, 2024, the UAE, Saudi Arabia, Egypt, Iran, and Ethiopia became members of the BRICS. The bloc became even more powerful once these new members joined, with a combined GDP of $28.5 trillion, or about 28% of the world economy. The BRICS nations will also produce roughly 44% of the crude oil consumed worldwide.
Also Read:
UAE: Police Discover Jewelry Valued at Dh800,000 and Prevent a Gold Smuggling Plot.
How the Authorities in Dubai Intervened to Save the Triplets from Syrian Refugee Camps
