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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9

The GCC in 2020: Resources for the future

Author: Jane Kinninmont
Organisation: Economist Intelligence Unit
Publish Date: 2010
Country: Global
Sector: Petroleum
Method: Forecasting
Theme: Resource
Type: Report
Language: English
Tags: Resource requirements, Fossil fuels, Domestic energy demands, Alternative energies, Mineral resources, Water demand, Food security

The six economies of the Gulf Co-operation Council (GCC) - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE - are undergoing profound economic and social changes. This strategically significant sub region, which has one of the world's youngest, wealthiest and most globalised populations, will be vitally important to the future development of the Middle East. Over the next decade, as the GCC population soars by 30% to over 50m people, the Gulf region will see an increasing strain on its supplies of basic commodities, particularly electricity, food and water. The ways in which the region faces up to these challenges will have a major impact on its prosperity and quality of life, not only in 2020 but in the decades to come. This report addresses the outlook for these basic commodities in the next decade, and explores policy options to ensure that supply keeps up with demand. The report also addresses the challenges in carrying out such policies, including funding massive new infrastructure and shaping public attitudes to encourage conservation. Many of these challenges are well known to the region’s governments, which have already started to take the needed steps. While much remains to be done, the young populations and significant capital resources of the GCC states suggest that both the will and the means are there to meet the region’s resource challenges.
Located in: Resources
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