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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 actually been supplied by the respective publishers and authors. You can assist correct mistakes and omissions. When requesting a correction, please mention this product's handle: RePEc: ehl: lserod:55252. See basic information about how to remedy material in RePEc.
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Economic diversity is the procedure of transitioning an economy far from reliance on a single sector or source of income to multiple sectors and markets. This type 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 change.
The GCC region is undergoing a transformative stage focused on economic diversification and sustainable advancement.
A strong motorist behind financial diversification and green transition plans in the GCC is the well-documented effect of environment change in the region being experienced now and in the future. The World Bank estimates that approximately 100 million individuals in the Middle East, including the GCC, will experience water stress by 2025, with parts of the area expected to become uninhabitable by the end of the century due to water deficiency and high temperatures.
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