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Vital Factors Influencing Gulf Economic Outlooks for 2026
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Gordon White & Robert Wade, 1988. "," Palgrave Macmillan Books, in: Gordon White (ed.), Developmental States in East Asia, chapter 1, pages 1-29, Palgrave Macmillan. International Monetary Fund, 2012. "," IMF Staff Nation Reports 2012/271, International Monetary Fund. Farouk El-Kharouf & Sulayman Al-Qudsi & Shifa Obeid, 2010. "," Asian Economic Documents, MIT Press, vol.
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Will GCC Industrial Growth Exceed Western Benchmarks?
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Economic diversity is the process of transitioning an economy far from dependence on a single sector or income source to several sectors and markets. This sort of financial 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 region is going through a transformative stage focused on economic diversification and sustainable development.
A strong driver behind financial diversification and green shift strategies in the GCC is the well-documented impact of environment change in the region being experienced now and in the future. The World Bank approximates that approximately 100 million people in the Middle East, including the GCC, will suffer from water stress by 2025, with portions of the area expected to end up being uninhabitable by the end of the century due to water shortage and heats.
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