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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 offered by the respective publishers and authors. You can help appropriate errors and omissions. When requesting a correction, please mention this product's manage: RePEc: ehl: lserod:55252. See basic details about how to fix material in RePEc.
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Economic diversity is the process of transitioning an economy away from dependence on a single sector or source of income to numerous sectors and markets. This sort of financial shift is presently underway in the Gulf Cooperation Council (GCC) region, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing rapid socio-economic improvement.
The GCC area is undergoing a transformative phase focused on financial diversification and sustainable advancement.
A strong driver behind economic diversity and green shift plans in the GCC is the well-documented effect of climate modification in the area being experienced now and in the future. The World Bank estimates that approximately 100 million individuals in the Middle East, consisting of the GCC, will struggle with water tension by 2025, with portions of the area anticipated to end up being uninhabitable by the end of the century due to water shortage and heats.
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