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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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Key Financial Trends Across the GCC
52( 15 ), pages 2822-2848, November. Mazaheri Nimah, 2013. "," Organization and Politics, De Gruyter, vol. 15( 3 ), pages 295-321, October. Laura Routley, 2012. "," Global Advancement Institute Working Paper Series esid-003-12, GDI, The University of Manchester. Duckett, Jane, 2001. "," World Advancement, Elsevier, vol. 29( 1 ), pages 23-37, January. El-Haddad Amirah, 2020. "," Evaluation of Middle East Economics and Finance, De Gruyter, vol.
Roadmap to Gulf Stock Market Success for 2026Zuzana Brixiova & Balzs gert & Thouraya Hadj Amor Essid, 2013. "," Working Paper Series 991, African Development Bank. Ricker-Gilbert, Jacob & Mason, Nicole M. & Darko, Francis & Jayne, Thomas S. & Tembo, Solomon, 2013. "," Food Security Collaborative Working Documents 154938, Michigan State University, Department of Agricultural, Food, and Resource Economics.
"," Urban Studies, Urban Research Journal Limited, vol. 42( 8 ), pages 1369-1390, July. Nir Kshetri, 2023. "," Financial Innovation, Springer; Southwestern University of Finance and Economics, vol. 9( 1 ), pages 1-38, December. Corneo Giacomo, 2011. "," Evaluation of Middle East Economics and Finance, De Gruyter, vol. 7( 1 ), pages 1-19, May. M Douglass, 1994.
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Economic diversification is the process of transitioning an economy far from dependence on a single sector or source of earnings to multiple sectors and markets. This sort 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 fast socio-economic transformation.
The GCC region is going through a transformative phase focused on economic diversity and sustainable development.
A strong motorist behind economic diversification and green transition plans in the GCC is the well-documented effect of climate change 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 struggle with water stress by 2025, with parts of the area expected to end up being uninhabitable by the end of the century due to water deficiency and heats.
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