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26( 4 ), pages 543-566, April. Maximilian Benner, 2019. "," Economies, MDPI, vol. 7( 2 ), pages 1-22, May. All product on this website has been provided by the particular publishers and authors. You can help appropriate mistakes and omissions. When requesting a correction, please mention this item's handle: RePEc: ehl: lserod:55252. See general info about how to correct material in RePEc.
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Economic diversification is the procedure of transitioning an economy far from reliance on a single sector or income source to numerous sectors and markets. This type of financial shift is currently underway in the Gulf Cooperation Council (GCC) area, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing quick socio-economic improvement.
The GCC region is undergoing a transformative stage focused on economic diversification and sustainable advancement.
A strong chauffeur behind economic diversification and green transition strategies in the GCC is the well-documented effect of environment modification in the area being experienced now and in the future. The World Bank approximates that as much as 100 million people in the Middle East, including the GCC, will struggle with water stress by 2025, with portions of the region anticipated to end up being uninhabitable by the end of the century due to water scarcity and heats.
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