Gulf oil dependency poses long-term stability risk
Efforts to diversify Gulf economies away from oil rents may stall without politically sensitive reforms
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In this article
- Defining diversification
- Diversification of production
- Dominant state role
- Private sector grows
- Sub-sectoral diversification
- Private sector-driven diversification
- State-driven diversification
- Low oil price environment
- Export diversification
- Export-oriented industrialisation
- Exceptional Dubai?
- Diversification of government revenue
- Stalled tax plans
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_350.jpg "The Dubai Mall (Reuters/Jumana El Heloueh)")