Bloomberg Wall Street Week - July 7th, 2023
Wall Street Week
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The Diversification of the Gulf Economy
From 1960 on the discovery of oil and gas in these small populations led them in really a 70-year period to dominate the investable world. So it's always been a misunderstood era, right? Because it's tribes and flags. When we talk about the Gulf, there's 54 countries really that make up kind of the consumer. The goal at the moment is for them to diversify outside investments. At the same time, start moving their own economies and their own young populations to a non-resource-based economy. That's the biggest challenge.
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