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26( 4 ), pages 543-566, April. Maximilian Benner, 2019. "," Economies, MDPI, vol. 7( 2 ), pages 1-22, May. All product on this site has been supplied by the respective publishers and authors. You can help proper errors and omissions. When requesting a correction, please discuss this item's deal with: RePEc: ehl: lserod:55252. See general details about how to remedy material in RePEc.
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Economic diversification is the procedure of transitioning an economy far from dependence on a single sector or income to multiple sectors and markets. This kind 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 rapid socio-economic transformation.
The GCC area is going through a transformative stage focused on financial diversity and sustainable advancement.
A strong driver behind economic diversity and green shift strategies in the GCC is the well-documented impact of environment modification in the region being experienced now and in the future. The World Bank approximates that approximately 100 million people in the Middle East, consisting of the GCC, will experience water tension by 2025, with parts of the region expected to become uninhabitable by the end of the century due to water deficiency and high temperatures.
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