Benefits of Scaling Manufacturing Ventures across Middle East

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Advantages of Expanding Manufacturing Ventures across Middle East

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Economic diversity is the process of transitioning an economy far from reliance on a single sector or source of income to multiple sectors and markets. This type of financial 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 quick socio-economic change.

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The GCC region is going through a transformative phase focused on economic diversity and sustainable development.

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A strong driver behind economic diversity and green transition strategies in the GCC is the well-documented impact of climate change in the area being experienced now and in the future. The World Bank estimates that as much as 100 million people in the Middle East, including the GCC, will struggle with water stress by 2025, with portions of the area expected to become uninhabitable by the end of the century due to water shortage and high temperature levels.