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26( 4 ), pages 543-566, April. Maximilian Benner, 2019. "," Economies, MDPI, vol. 7( 2 ), pages 1-22, May. All material on this site has been supplied by the particular publishers and authors. You can assist correct mistakes and omissions. When asking for a correction, please mention this product's handle: RePEc: ehl: lserod:55252. See general info about how to correct material in RePEc.
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Economic diversity is the procedure of transitioning an economy away from dependence on a single sector or source of income to several sectors and markets. This sort of economic shift is presently underway in the Gulf Cooperation Council (GCC) area, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing fast socio-economic transformation.
The GCC region is undergoing a transformative phase focused on financial diversification and sustainable advancement.
A strong chauffeur behind economic diversity and green transition strategies in the GCC is the well-documented effect of environment change in the area being experienced now and in the future. The World Bank approximates that approximately 100 million people in the Middle East, including the GCC, will suffer from water tension by 2025, with portions of the area anticipated to become uninhabitable by the end of the century due to water shortage and heats.
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