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26( 4 ), pages 543-566, April. Maximilian Benner, 2019. "," Economies, MDPI, vol. 7( 2 ), pages 1-22, May. All product on this site has actually been provided by the particular publishers and authors. You can assist correct errors and omissions. When requesting a correction, please discuss this product's deal with: RePEc: ehl: lserod:55252. See basic information about how to correct material in RePEc.
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Economic diversification is the process of transitioning an economy far from reliance on a single sector or source of earnings to numerous sectors and markets. This type 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 quick socio-economic change.

The GCC area is undergoing a transformative phase focused on financial diversification and sustainable advancement.
A strong motorist behind financial diversification and green shift strategies in the GCC is the well-documented effect of climate change in the region being experienced now and in the future. The World Bank estimates that up to 100 million people in the Middle East, including the GCC, will struggle with water stress by 2025, with portions of the region expected to become uninhabitable by the end of the century due to water deficiency and heats.
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