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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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"," Environment and Preparation 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 Cash, Elsevier, vol. 77(C). Jieming Zhu & Loo-Lee Sim & Xuan Liu, 2007.
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Economic diversity is the procedure of transitioning an economy far from dependence on a single sector or income to several sectors and markets. This type of financial shift is currently underway in the Gulf Cooperation Council (GCC) area, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing rapid socio-economic improvement.
The GCC area is undergoing a transformative phase focused on economic diversification and sustainable development. Historically reliant on oil and gas, GCC economies are now aiming to diversify their earnings sources through ambitious government-led efforts like Saudi Vision 2030 and We the UAE 2031 that shift focus from high-risk, susceptible and/or high-carbon markets and sectors to economies.
A strong motorist behind financial diversity and green shift plans in the GCC is the well-documented effect of climate modification in the area being experienced now and in the future. The World Bank approximates that up to 100 million individuals in the Middle East, including the GCC, will experience water tension by 2025, with portions of the region expected to become uninhabitable by the end of the century due to water deficiency and heats.
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