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39( 10 ), pages 2346-2365, October. Fatiha Talahite, 2012. "," Revue Tiers-Monde, Armand Colin, vol. 0( 2 ), pages 143-160. Anna-Lena Maier, 2021. "," Journal of International Company Policy, Palgrave Macmillan, vol. 4( 4 ), pages 476-495, December. Jieming Zhu & Tingting Hu, 2009. "," Environment and Preparation A,, vol. 41( 7 ), pages 1629-1646, July. Anthony GO Yeh & Fiona F Yang & Jiejing Wang, 2015.
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Economic diversification is the procedure of transitioning an economy far from reliance on a single sector or source of income to multiple sectors and markets. This kind of economic shift is presently 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 transformation.
The GCC area is going through a transformative phase focused on economic diversification and sustainable development.
A strong motorist behind financial diversification and green shift plans in the GCC is the well-documented effect of environment modification in the region being experienced now and in the future. The World Bank estimates that approximately 100 million individuals in the Middle East, consisting of the GCC, will experience water tension by 2025, with portions of the region anticipated to become uninhabitable by the end of the century due to water shortage and heats.
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