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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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Economic diversity is the process of transitioning an economy away from dependence on a single sector or income to several sectors and markets. This sort 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 rapid socio-economic change.

The GCC region is going through a transformative phase focused on economic diversity and sustainable advancement.
A strong chauffeur behind economic diversification and green transition strategies in the GCC is the well-documented effect of environment change 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 tension by 2025, with parts of the region anticipated to end up being uninhabitable by the end of the century due to water shortage and heats.
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