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Can Gulf Non-Oil Growth Exceed Global Averages?

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Economic diversity is the process 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) region, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing quick socio-economic transformation.

ANSR July GCC PRs 50DR+

The GCC region is going through a transformative stage focused on financial diversity and sustainable development.

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A strong chauffeur behind financial diversification and green transition plans in the GCC is the well-documented effect of climate change in the area being experienced now and in the future. The World Bank estimates that as much as 100 million individuals in the Middle East, including the GCC, will suffer from water tension by 2025, with portions of the region anticipated to end up being uninhabitable by the end of the century due to water scarcity and high temperature levels.