Is the Middle East Emerging as Global Industrial Hub?

, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.

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ANSR July GCC PRs 50DR+

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Is GCC Emerging as Global Industrial Powerhouse?

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ANSR July GCC PRs 50DR+

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Advantages of Expanding Industrial Projects across Middle East

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Role of Capital on Regional Industrial Development

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Economic diversification is the procedure of transitioning an economy away from dependence on a single sector or source of income to multiple sectors and markets. This kind 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 rapid socio-economic transformation.

ANSR July GCC PRs 50DR+

The GCC area is going through a transformative stage focused on financial diversification and sustainable development.

Advantages of Scaling Industrial Projects across the GCC

A strong driver behind financial diversity and green shift 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 estimates that approximately 100 million individuals in the Middle East, consisting of the GCC, will struggle with water tension by 2025, with parts of the area expected to end up being uninhabitable by the end of the century due to water deficiency and heats.