GCC Economies: Oil Dependence to Economic Diversification
GCC Economies: Oil Dependence to Economic Diversification
RELEASE DATE
23-Nov-2011
23-Nov-2011
REGION
South Asia, Middle East & North Africa
South Asia, Middle East & North Africa
Research Code: 4675-00-05-00-00
SKU: EG00296-SA-DE_02872
$1,500.00
In stock
SKU
EG00296-SA-DE_02872
Description
The Gulf Co-operation Council (GCC) economies have been heavily dependent on the hydrocarbon sector, which accounts for a large part of their export earnings and government revenue. However, the GCC nations are striving to diversify and reduce the risks that stem from their economic dependence on the oil and gas sectors, which, although lucrative, are vulnerable to price swings. By 2020, the GCC economies are expected to transform into more diversified economies with value additions to the non-hydrocarbon sector. Policy makers are aiming to convert their current tangible oil wealth into intangible human capital. This is expected to mitigate volatility and lead to the development of high value-added diversified sectors.
Table of Contents
Introduction to GCC Economies
Dependence on Hydrocarbons and Associated Challenges
Diversification Scenario
Policy Stance and Development Plans
Structural Reforms to Lead to Increased Investments in the Non-hydrocarbon Sectors
Outlook for Diversification 2020
Related Research
Popular Topics
The Gulf Co-operation Council (GCC) economies have been heavily dependent on the hydrocarbon sector, which accounts for a large part of their export earnings and government revenue. However, the GCC nations are striving to diversify and reduce the risks that stem from their economic dependence on the oil and gas sectors, which, although lucrative, are vulnerable to price swings. By 2020, the GCC economies are expected to transform into more diversified economies with value additions to the non-hydrocarbon sector. Policy makers are aiming to convert their current tangible oil wealth into intangible human capital. This is expected to mitigate volatility and lead to the development of high value-added diversified sectors.
No Index | Yes |
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Podcast | No |
Industries | Energy |
WIP Number | 4675-00-05-00-00 |
Is Prebook | No |