Green investment, digital economy are key for BRICS cooperation, says expert

Daily News Egypt

02-07-2025

Green investment, the digital economy, and logistics are key areas for further cooperation among the BRICS and BRICS+ states, the director general of the Annual Investment Meeting (AIM Congress) said.
In an exclusive interview at the St. Petersburg International Economic Forum (SPIEF), Walid Farghal said the economic and investment potential of the BRICS and BRICS+ frameworks lies in their scale and shared ambition to shape a new global economic order.
'The BRICS and the BRICS+ represent a global segment in economy. Through their combined population – more than 3 billion people – they surpassed their presence as emerging countries to be a group contributing to the global economy and having their own power in terms of economic impact on their populations as well as for neighbouring countries and for all member countries of BRICS,' he said at the TV BRICS studio in the Roscongress International Cooperation Area.
Farghal identified several areas with high potential for further collaboration.
'The areas of cooperation of the BRICS and the BRICS+ countries can be in the green investment, environmental investment, and the climate change. It can be also in the digital economy, the FinTech solutions, logistics, and the transport.'
He noted that development in these sectors would be mutually beneficial for the group's members.
'It plays a key role in all the BRICS countries to contribute to each other through their own resources, their own manufacturing requirements,' Farghal stated.
The Director General of AIM Congress also stressed the importance of inclusive growth and support for small and medium-sized businesses.
He concluded by calling for a joint effort from governments to reduce barriers to trade and investment.
'It is very important to develop easy policies from all the governments of BRICS, which will facilitate more investment and trade flows in these countries.'