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Economic diversity is the procedure of transitioning an economy away from dependence on a single sector or income to multiple sectors and markets. This type of financial 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 improvement.
The GCC region is going through a transformative stage focused on financial diversity and sustainable development.
A strong motorist behind financial diversification and green shift plans in the GCC is the well-documented effect of environment modification in the region being experienced now and in the future. The World Bank approximates that approximately 100 million individuals in the Middle East, consisting of the GCC, will suffer from water stress by 2025, with portions of the region expected to end up being uninhabitable by the end of the century due to water deficiency and high temperature levels.
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