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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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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 asking for a correction, please mention this item's handle: RePEc: ehl: lserod:55252. See general details about how to correct material in RePEc.
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Economic diversification is the process of transitioning an economy far from reliance on a single sector or income to numerous sectors and markets. This type of financial 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 change.
The GCC region is undergoing a transformative stage focused on financial diversification and sustainable advancement.
A strong chauffeur behind financial diversity and green transition 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 estimates that approximately 100 million individuals in the Middle East, including the GCC, will experience water stress by 2025, with parts of the region expected to become uninhabitable by the end of the century due to water shortage and heats.
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