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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 site has actually been offered by the respective publishers and authors. You can assist right mistakes and omissions. When asking for a correction, please mention this product's deal with: RePEc: ehl: lserod:55252. See basic details about how to remedy material in RePEc.
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Economic diversification is the procedure of transitioning an economy away from reliance on a single sector or source of income to several 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 quick socio-economic improvement.
The GCC region is going through a transformative stage focused on financial diversity and sustainable advancement.
A strong motorist behind economic diversification and green shift strategies in the GCC is the well-documented effect of environment modification in the area being experienced now and in the future. The World Bank approximates that as much as 100 million people in the Middle East, consisting of the GCC, will suffer from water stress by 2025, with portions of the region anticipated to end up being uninhabitable by the end of the century due to water shortage and heats.
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