Improved Fiscal Outlooks Renew Focus on Gulf Economic Diversification Efforts
The financial windfall from oil and gas exports may boost regional officials’ ambitious economic diversification plans but doesn’t make them foolproof.
Having historically been the only oil producer with sufficient spare capacity to shape the world economy, Saudi Arabia has held a critical position in 21st century geopolitics.
The financial windfall from oil and gas exports may boost regional officials’ ambitious economic diversification plans but doesn’t make them foolproof.
Europe is desperately seeking alternatives to Russian gas, but the Kurdistan Regional Government has some way to go before it can produce excess gas for exportation.
Moves to ease tensions between Saudi Arabia and Iran are already creating ripple effects across the region.
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.
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