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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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"," Environment and Preparation C,, vol. 16( 1 ), pages 69-84, February. Jieming Zhu, 2013. "," Environment and Preparation C,, vol. 31( 2 ), pages 257-275, April. Amar, J. & Lecourt, C. & Carpantier, J.F., 2022. "," Journal of International Financial Markets, Institutions and Cash, Elsevier, vol. 77(C). Jieming Zhu & Loo-Lee Sim & Xuan Liu, 2007.
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Economic diversification is the procedure 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) region, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing rapid socio-economic transformation.

The GCC area is undergoing a transformative stage focused on financial diversity and sustainable advancement.
A strong driver 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 as much as 100 million people in the Middle East, consisting of the GCC, will struggle with water tension by 2025, with portions of the region expected to end up being uninhabitable by the end of the century due to water scarcity and heats.
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