Essential Foreign Capital Opportunities across Middle East Economy thumbnail

Essential Foreign Capital Opportunities across Middle East Economy

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26( 4 ), pages 543-566, April. Maximilian Benner, 2019. "," Economies, MDPI, vol. 7( 2 ), pages 1-22, May. All material on this website has actually been supplied by the respective publishers and authors. You can assist proper mistakes and omissions. When asking for a correction, please mention this product's deal with: RePEc: ehl: lserod:55252. See basic info about how to remedy material in RePEc.

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Economic diversity is the process of transitioning an economy far from dependence on a single sector or income to numerous sectors and markets. This sort of economic 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 rapid socio-economic transformation.

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The GCC region is going through a transformative stage focused on economic diversity and sustainable development. Historically reliant on oil and gas, GCC economies are now aiming to diversify their revenue sources through enthusiastic government-led initiatives 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.

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A strong chauffeur behind financial diversity and green transition plans in the GCC is the well-documented impact of environment change in the region 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 parts of the area expected to end up being uninhabitable by the end of the century due to water deficiency and high temperatures.

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