Picking Up Where We Left Off on GCC Economic Diversification
About this episode
The episode discusses the economic diversification efforts of the GCC states amidst shifting global energy dynamics.
In this episode of "Picking Up Where We Left Off," Michael Carroll, Executive Director of the Hollings Center for International Dialogue, dives into the economic diversification efforts of the Gulf Cooperation Council (GCC) states. The GCC, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, has long been synonymous with vast oil wealth. However, with the global energy landscape shifting, these nations are increasingly focused on reducing their reliance on oil and diversifying their economies. The episode features insights from Camille Lons, Deputy Director at the Paris Office of the European Council on Foreign Relations, and Samer Kherfi, Associate Professor of Economics at the American University of Sharjah. The discussion explores the strategic motivations behind the GCC's diversification plans, the challenges they face, and the sectors targeted for growth, such as innovation, technology, and the knowledge-based economy. Key points include the ongoing competition between GCC states, particularly Saudi Arabia and the UAE, as they strive to attract similar economic sectors and investments. Despite significant progress, the episode highlights the…
People in this episode
Host: Michael Carroll
Guests: Camille Lons, Samer Kherfi
Topics covered
- economic diversification
- Gulf Cooperation Council
- oil dependency
- innovation
- technology
- knowledge-based economy
- regional competition
Keywords
- GCC
- economic growth
- oil wealth
- structural changes
- cultural shifts
- Saudi Arabia
- UAE
- investments
Mentioned in this episode
Organizations: Hollings Center for International Dialogue, European Council on Foreign Relations, American University of Sharjah
Places: Gulf Cooperation Council, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
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