This chapter explores the economic transformation of Gulf states post-oil discovery, critiquing their dependence on oil wealth. It highlights diversification efforts in tourism and banking, while addressing social challenges and the quest for sustainable industries amidst vanishing oil profits.
Exploring the incredible transformation of the Persian Gulf from a collection of small fishing villages to the global epicenter of oil-fueled opulence. Cities like Dubai, Abu Dhabi, and Riyadh have risen from the sands with grand visions of becoming world-class business and tourist destinations. But is this meteoric rise sustainable, or just a facade built on dwindling oil reserves? We delve into the ambitious projects, the looming challenges, and the critical question of what happens when the oil runs out. Will these cities thrive in a post-oil world, or are they destined to become relics of a forgotten boom?
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