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Capital Diversification Strategies for a 2026 Global Market
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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 website has actually been offered by the particular publishers and authors. You can assist right mistakes and omissions. When asking for a correction, please discuss this product's deal with: RePEc: ehl: lserod:55252. See general information about how to correct product in RePEc.
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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 fast socio-economic improvement.
The GCC region is going through a transformative phase focused on financial diversification and sustainable advancement. Historically reliant on oil and gas, GCC economies are now aiming to diversify their revenue sources through ambitious government-led efforts like Saudi Vision 2030 and We the UAE 2031 that shift focus from high-risk, susceptible and/or high-carbon markets and sectors to economies.
A strong motorist behind economic diversification and green transition strategies in the GCC is the well-documented effect of climate modification in the region being experienced now and in the future. The World Bank approximates that up to 100 million individuals in the Middle East, including the GCC, will struggle with water stress by 2025, with parts of the area anticipated to end up being uninhabitable by the end of the century due to water deficiency and heats.
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