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Economic diversity is the procedure of transitioning an economy far from dependence 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) area, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing rapid socio-economic transformation.
The GCC region is going through a transformative stage focused on economic diversity and sustainable advancement.
A strong chauffeur behind financial diversification and green shift plans in the GCC is the well-documented effect of environment change in the region being experienced now and in the future. The World Bank estimates that as much as 100 million individuals in the Middle East, including the GCC, will experience water stress by 2025, with parts of the area anticipated to end up being uninhabitable by the end of the century due to water shortage and heats.
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