Diversifying the Desert: A Glimpse Into the Future of the Gulf Cooperation Council The Gulf Cooperation Council (GCC) has been rapidly diversifying its economies beyond hydrocarbon based industries, a trend that is hardly surprising given the region's economic trajectory.
This shift has significant implications for the future of these countries and the global landscape. Economic strategy in the GCC has undergone a dramatic transformation over the past decade.
As Adnan Mazarei, a senior fellow at the Peterson Institute for International Economics, noted, "The most profitable investments are still in energy," but an increasing share of their own energy use mix is coming from renewables.