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"," Environment and Planning C,, vol. 16( 1 ), pages 69-84, February. Jieming Zhu, 2013. "," Environment and Preparation C,, vol. 31( 2 ), pages 257-275, April. Amar, J. & Lecourt, C. & Carpantier, J.F., 2022. "," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C). Jieming Zhu & Loo-Lee Sim & Xuan Liu, 2007.
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Why REITs Provide the Best Entry Point to UAE Real EstateZuzana Brixiova & Balzs gert & Thouraya Hadj Amor Essid, 2013. "," Working Paper Series 991, African Advancement Bank. Ricker-Gilbert, Jacob & Mason, Nicole M. & Darko, Francis & Jayne, Thomas S. & Tembo, Solomon, 2013. "," Food Security Collaborative Working Papers 154938, Michigan State University, Department of Agricultural, Food, and Resource Economics.
"," Urban Research, Urban Research Journal Limited, vol. 42( 8 ), pages 1369-1390, July. Nir Kshetri, 2023. "," Financial Development, Springer; Southwestern University of Finance and Economics, vol. 9( 1 ), pages 1-38, December. Corneo Giacomo, 2011. "," Review of Middle East Economics and Finance, De Gruyter, vol. 7( 1 ), pages 1-19, May. M Douglass, 1994.
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Economic diversification is the procedure of transitioning an economy far from reliance on a single sector or source of earnings to numerous sectors and markets. This type 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 fast socio-economic transformation.
The GCC region is going through a transformative phase focused on economic diversification and sustainable development. Historically reliant on oil and gas, GCC economies are now making every effort to diversify their income sources through enthusiastic government-led efforts like Saudi Vision 2030 and We the UAE 2031 that shift focus from high-risk, vulnerable and/or high-carbon markets and sectors to economies.
A strong driver behind economic diversification and green transition plans 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 experience water stress by 2025, with portions of the area expected to become uninhabitable by the end of the century due to water shortage and heats.
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