Why Industrial Expansion Boosts GCC Growth for 2026

, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.

(including those not matched with items on concepts) These are the products that usually mention the same works as this one and are pointed out by the very same works as this one. Jieming Zhu & Yan Guo, 2014. "," Urban Research, Urban Studies Journal Limited, vol. 51( 6 ), pages 1120-1145, May.

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Economic diversification is the procedure of transitioning an economy far from reliance on a single sector or income to several sectors and markets. This sort 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 fast socio-economic transformation.

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The GCC region is undergoing a transformative phase focused on economic diversification and sustainable advancement.

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A strong motorist behind economic diversification and green transition 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 individuals in the Middle East, including the GCC, will struggle with water stress by 2025, with portions of the area anticipated to end up being uninhabitable by the end of the century due to water scarcity and high temperatures.