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Economic diversity is the procedure of transitioning an economy away from reliance on a single sector or income source to several sectors and markets. This kind 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 area is undergoing a transformative stage focused on financial diversification and sustainable advancement.
A strong motorist behind economic diversity 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 estimates that up to 100 million people in the Middle East, consisting of the GCC, will experience water stress by 2025, with portions of the region expected to become uninhabitable by the end of the century due to water scarcity and heats.
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