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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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Navigating Investment Diversification for a 2026 Economy42( 8 ), pages 1369-1390, July. 9( 1 ), pages 1-38, December. 7( 1 ), pages 1-19, May.
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Economic diversification is the procedure of transitioning an economy away from dependence on a single sector or source of income to multiple 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 fast socio-economic transformation.
The GCC area is undergoing a transformative phase focused on economic diversification and sustainable advancement.
A strong driver behind financial diversification and green shift strategies in the GCC is the well-documented impact of environment modification in the area being experienced now and in the future. The World Bank estimates that up to 100 million people in the Middle East, consisting of the GCC, will experience water tension by 2025, with portions of the region anticipated to end up being uninhabitable by the end of the century due to water deficiency and high temperature levels.
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