Is the Middle East Becoming Global Industrial Powerhouse?

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Economic diversity is the process of transitioning an economy far from reliance on a single sector or income to numerous 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.

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The GCC area is undergoing a transformative phase focused on financial diversity and sustainable advancement.

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A strong chauffeur behind financial diversity and green transition plans 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 people in the Middle East, including the GCC, will suffer from water stress by 2025, with portions of the area anticipated to end up being uninhabitable by the end of the century due to water deficiency and heats.