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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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"," Urban Studies, Urban Studies Journal Limited, vol. 42( 8 ), pages 1369-1390, July. Nir Kshetri, 2023. "," Financial Innovation, Springer; Southwestern University of Finance and Economics, vol. 9( 1 ), pages 1-38, December. Corneo Giacomo, 2011. "," Evaluation 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 away from reliance on a single sector or income to multiple sectors and markets. This type of economic 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 fast socio-economic improvement.
The GCC area is undergoing a transformative phase focused on financial diversification and sustainable advancement.
A strong motorist behind economic diversity and green shift strategies in the GCC is the well-documented impact of climate modification in the area being experienced now and in the future. The World Bank approximates that as much as 100 million individuals in the Middle East, including the GCC, will suffer from water tension by 2025, with parts of the region expected to become uninhabitable by the end of the century due to water deficiency and heats.
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