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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 actually been supplied by the particular publishers and authors. You can help appropriate errors and omissions. When asking for a correction, please mention this product's handle: RePEc: ehl: lserod:55252. See general information about how to remedy material in RePEc.
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Economic diversification is the process of transitioning an economy far from reliance on a single sector or source of earnings to numerous sectors and markets. This sort of economic 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 change.
The GCC area is going through a transformative phase focused on economic diversification and sustainable advancement.
A strong motorist behind economic diversity and green transition strategies in the GCC is the well-documented impact of environment modification in the area being experienced now and in the future. The World Bank approximates that approximately 100 million individuals in the Middle East, including the GCC, will suffer from water tension by 2025, with parts of the region expected to become uninhabitable by the end of the century due to water shortage and high temperature levels.
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