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"," Environment and Preparation C,, vol. 16( 1 ), pages 69-84, February. Jieming Zhu, 2013. "," Environment and Planning C,, vol. 31( 2 ), pages 257-275, April. Amar, J. & Lecourt, C. & Carpantier, J.F., 2022. "," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C). Jieming Zhu & Loo-Lee Sim & Xuan Liu, 2007.
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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 website has been provided by the respective publishers and authors. You can assist appropriate errors and omissions. When asking for a correction, please discuss this product's manage: RePEc: ehl: lserod:55252. See general info about how to correct product in RePEc.
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Economic diversity is the procedure of transitioning an economy away from reliance on a single sector or source of earnings to numerous sectors and markets. This sort of economic 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 fast socio-economic improvement.

The GCC area is undergoing a transformative phase concentrated on economic diversity and sustainable development. Historically reliant on oil and gas, GCC economies are now aiming to diversify their income sources through ambitious government-led initiatives like Saudi Vision 2030 and We the UAE 2031 that shift focus from high-risk, vulnerable and/or high-carbon markets and sectors to economies.
A strong driver behind financial diversity 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 estimates that up to 100 million individuals in the Middle East, including the GCC, will experience water stress by 2025, with parts of the region anticipated to end up being uninhabitable by the end of the century due to water scarcity and high temperature levels.
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