Questions tagged [gulf-states]

This tag describes the oil-rich Arab states near the Persian Gulf. Most of them are members of the GCC (Gulf Cooperation Council).

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Why didn't the Gulf countries diversify their economy in the last 70 years so that they can become less dependent on oil?

In the Gulf, oil was discovered in the early 20th century. This is the 21st century and these gulf countries are still far behind diversifying their economy. Why? Why didn't the Gulf countries ...